PH Parker Hannifin

Back on Jan 29 we posted this blog;

PH history

The original can be found either under the archives, the index or by entering the symbol in the top right hand corner.    The stock did go to $97, even to $99.40 adhering nicely to the Mnt.Everest idea. Below is where it is now;

ph aug 2011

The stock traded as low as $66.49, which is roughly 1/3 of it’s value gone. The greater fool theory worked until there were none left. It is virtually impossible that this stock will resurrect it self any time soon. We have a 1-2, and then a 1-2 of 3 and perhaps a gap at about $75. $55 would be an optimistic target.