There is a reason this stock consistently inderperforms it's peers. Although all commodities took a hit PWE performed almost three times worse why. IT IS THE SINGLER WORST MANAGED COMPANY IN NORTH AMERICA ITS MANAGEMENT IS INCOMPETENT. IT'S OLD MANAGENT WAS BAD IT'S NEW MANAGEMENT IS WORSE. This is not going to be bought out by a Chinese company this is going bankrupt within 2 years.
Now is the time for PWE to rise. PWE lost 7% and PGH 5%. The volume on PWE was high but has been much higher. The high was about 5 days ago at 2:1 average volume. Talked to a guy in Canada that owns this. I feel the call contracts have run their course. I had a open order to sell at the open yesterday as I saw the European/Asian news. Got lucky and bought 1500 shares at 9.27. Also bought more PGH at 4.79. Now time will tell as PWE presents. Try to keep any stock at 4-6% of portfolio. I think there will be a seminal event some time in the next year or so. The deleraging process could continue for 5 more years as per Gary Schilling. This wash out could be the start of a new good market in a few years.NO GUANTEES of course!