It became moot today, when I sold the last of my PGO. If by "catching up," you mean it didn't go down as much as many others, I guess that is right. I have not liked the way PGO has been moving, and would feel more at ease with FGI or RIG. I was happy to make a profit, although not what I expected when I bought PGO.
The question, now, is whether or not the sucker's rally is over, or whether the sector is just falling back for a new run. You should know by tomorrow afternoon. If a new run, it may go to 22, then fall back again. If we can get nice waves like we had last fall, we could make some money!