PBI Stock Chart (Bearish or Bullish?)

PBI (Pitney Bowes Inc.) is a company that provides mailing solutions and services to organizations worldwide. They are also the parent of MapInfo, who they recently acquired in March for $406 billion. Why they bought this company puzzles me because PBI is more of a mail delivering business.  By acquiring MapInfo and trying to compete with other map and location services is making it harder on the company.  After their purchase of the company it did take them a while for their stock to go up, but from april till the end of the month it started to trend higher.  Their 1Q earnings reported a profit loss of $144 million from $153 million in 2006 and blamed it on the delay of their orders and weak sales in Europe.  After the report of the companies loss, they told the press they see 2Q earnings to rise and revenue growth to be in the 8-11% area. But do they have what it takes? They are now gambling that postal rates will increase and if it does it will create a rise in their profits/revenue. For more info here is the site: PBI

In my opinion I believe that the stock is starting a downtrend. Their excuses on the delays in their orders that led to their fall on their 1Q earnings profits has been very questionable. And just the fact that they are gambling on the postal rates to increase to make their 2Q earnings profit to rise. Now I will talk about what I see in their charts: As you see there marks the 3 Black Crows, where each bodies closes near/below the previous low and opens within the body of the previous day. The MCAD is starting to slope down and shows that the positive momentum is slowing down. Last but not least their cash flow is starting to weaken drastically. I will probably short this stock on monday even though I think shorting is pretty risky lol. Remember to do your own research before buying.