Message on 01/31 ... "but I'm out with a CLOSING stop below $6.34"
As a professional trader, I have the discipline to follow my trading plan ... so at the close ($6.32), because it was below $6.34, I closed out my position with a small profit in PGH, and will wait for my next BUY signal.
Good Luck to all here ~
cats at least had the guts to state his position. not many here come forward and share their intent or strategy,
so those who do expose themselves to the judgment of others, but that is meaningless In the larger picture. what matters is that the majority of our decisions are on track
just for the record I sold my traders today,
That's your opinion, not a fact I KNEW someone would be saying I was wrong ~
However, In order top follow my trading signals, I need a close above $6.66-$6.70 to go long.
Let's look at it again in a few days after this dead cat bounce is over, OK?
This is why I'm not a trader... I feel worse when jumping out too soon and miss the upside you knew was coming when you initially brought.
The long term story here is just too compelling to sweat the dips... better off buying them or selling puts so you get paid to maybe buy at an even better price.
Sentiment: Strong Buy
Hey Doc -- Depends if you are a minute trader or long term investor. When I younger I did the day thing but now at my stage I'm in it for the long term. I can not think of a better stock that has such a good chance to triple. Saying that when I was day trading I would be looking a playing stocks like Facebook.
Sentiment: Strong Buy
bear?cats? I took a chance and bought pgh at 6.3 today replacing some of my trading stocks. it could go lower, so leaving some room to add.
psec good news, will see stock reaction tomorrow.
what are your plans re pgh? planning any buy back?
I DON'T know what it's going to do ... it could hold here at $6.32, or go to $6.00, or?
I just don't want to be around watching if it does go lower. I do intend to buy back.
The markets are in a "sell" mode, and there "may" be margin calls driving it lower.
Oil related stocks don't look good, nor does some pipeline stocks ...
My thinking is ... "when in doubt, get out" ... I'm in doubt, so I'm out.
Everyone can do what they want ... I'm posting what I'm doing, right or wrong.