PAL has been heading south for a long time. Most longs here would have been far better off to have unloaded their stock much earlier eventhough it meant taking a loss. Now would be an excellent time to load up on PAL IMO. Stops are good, and we should learn to use them more frequently. We also need to rely more on ourselves, and less on others who claim to know what they are doing, when making buy, hold, or sell decisions. SS
PAL only knows how to go in a single direction-DOWN! I stopped buying additional shares long ago. I stopped because I discovered that if I waited, I could always pick PAL up later at a lower price. That remains true today. Regardless of what others may clainm, it is the the shorts that have been making money with PAL. We longs are the losers. If anyone can prove me to be wrong, please show me your evidence. SS
the shorts just lean on this mfer with no resistance for months at a time....what gets me is how close the ask stays to the bis on such a thinly traded stock...is there that many people that want to sell at 4.19 with PD up 7 bucks today
Each person has his own investment style. But all the successful investors have one thing in common, that is extreme patience and not easily swayed by a market that goes against them.
Enter Jim Rogers, he shorted financials and he shorted way too early, about 1.5 to 2 years too early. He did not cover for a loss and he held on and added short positions. Was he a complete idiot holding short positions for almost two years? Would he be better off cover at a loss and short later? You would thought so.
But the fact remains he is a billionaire and for good reasons, and you are not even though you think you are way smarter than him.