A good day for PAYX http://www.publicbroadcasting.net/wxxi/news.newsmain?action=article&ARTICLE_ID=1251151§ionID=1 http://www.democratandchronicle.com/apps/pbcs.dll/article?AID=/20080327/BUSINESS/803270351/1001 http://www.newratings.com/en/main/c...&isin=US7043261079&option=headline&id=1720275
Why has it fallen steadily from the high of 45.75 last August to 33? I traded PAYX two years ago by the way.
Because the economy has been rough. PAYX is heavily correlated with the health of the economy. When the economy rebounds, PAYX should jump pretty fast back up into the $40 range.