PD, Precision Drilling

PD may 2012

This was a screaming buy back in the mid nineties when it briefly traded below $9. At $2/$3 I assume it made a low and is now in a new bull market. Wave 2 should take the stock to about $6/$3 so there is little reason to get overly excited yet. If this was not wave 2, but just another a-b-c rebound, as we have assumed in previous comments, new lows are still possible. Nevertheless worth keeping an eye on.