PD, Precission Drilling

July 22 we commented that this stock was ripe as a rotting apple and should drop any moment;

PD july 2011 pd oct 13 2011

On the left then and on the right now. The stock rapidly lost 60% or more of its value as predicted Unfortunately I was not looking at it when it hit $8. The ideal target (short-term!) is $7. If it gets there soon it would be a buy at that price