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Penn West Petroleum Ltd. Message Board

  • maxmusso maxmusso Apr 16, 2007 2:33 PM Flag

    OT---PVX-----OVERBOUGHT?

    Curios about PVX ...It appears that it is way overbought....Any input.

    Sell or Hold?

    TIA

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    • I have been in PVX for years,picking up the dividends,I like the stock it stays in line after the debacle with the Finance Minister.I just hold and collect the divid's.Adamo

    • Will hold my positions on PWE & PVX.Very strange move for PVX.What happened to their message board?

      Mr S

    • PVX is way overbought at this time. It is above the channel and has RSI over 76. Since the start of this move it has gained almost a buck so that is about 9 months divvy's. This move was precipitated by a recommendation in Canadian Edge April issue. Other wise it would have traded similar to other energy trusts.

      The choice is yours. The MACD has not turned down, the fast STO looks like it is rolling over signaling a possible change in direction. HOWEVER, the stock has a lot of play with people still chasing it and it may go higher for a day or two longer but it is pretty much going straight up right now and that cannot exist for very long.
      I would maybe place an order to sell at 12.10 or 12.20 and hope it gets there and fills your order. The high today was 11.97. Then immediately turn around after you've sold out and place an order to buy more than you had at 11.15 right on the lower uptrend channel line. The divvy is NOT qualified if you didn't hold 60 days but what the hell....taking a $1.00 in cap gains is better than 11 cents in divvy's.

 
PWE
4.67+0.27(+6.14%)Nov 21 4:03 PMEST

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