Nicole asked about PD yesterday, before today’s news that they plan to acquire “Canadian miners Inco Ltd. (N) and Falconbridge Ltd. (FAL) for about $40 billion.” PD was just starting to look strong last week when it broke above its downtrend. This morning it’s gapping down over 5 points and is trading just above last week’s lows. That area may be support but I wouldn’t count on it. In the short term analyst commentary, arbitrage players, etc. will determine where the stock goes.
