Management done a reverse split on this trying to put lipstick on a pig, the pps will have to go to $40. just to get back to it's IPO price. That means many, many shareholders will not live long enough to collect enough distributions to ever get back just to break even. This was a scam from the start and I still can't figure why management and brokers haven't been prosecuted and jailed.
No I didn't buy at $2.50, but I'm not the one claiming to be a "professional trader". I've learned a long time ago that trying to catch the bottom or top, can get you butt handed to you, it's far better to pick a price your comfortable to buy at, or sell, and take your profits accordingly. If memory serves me correctly I think I bought in between 3.10 and 2.80 for what it's worth.
Sentiment: Strong Buy
Now why is it such a big deal whether it was a "fundamental or technical" move? Regardless, the fact is that your "professional" trading strategy missed the bottom. Try to remember, the objective is to try and buy low, and sell high, regardless of fundamentals or technical moves.
LOL! I'm not trying to stop you from posting, I think your funny as a square ball, post away! It's no one's fault but your own that your professional trading strategy missed the bottom and your left standing on shore and the ship gone.
and even more painful to those who failed to buy when PGH was in the $2.50 area thinking it was going lower based on some sort of professional trading platform that didn't work. LOL!
To funny dipstick!!! and what will you be say in a few months from now (or sooner) when PGH passes the $5. mark? You already lost your chance to buy, and so will anybody that listens to you. The only thing you are about to do is try and catch a ship that has already left port.
Is it short term sustainable, who cares. We must have a longer outlook, at least past the end of our noses. PHG and oil prices may go up or down short term, but one thing is for sure, this is all going to create an oil shortage in the long run. That won't last long either, but that will be the time to make money in the oil sector, buy today and be ready to sell in the fall, or sooner. Waiting to catch this stock, or any others, at there ultimate low is a recipe for getting you #$%$ handed to you, as "professional trader" just found out. gl
I have lost some income, but not principle. That's not a loss, just a reduction in realized gains, as you don't lose something you never got to start with. You must be another one of the boards "professional traders" like the one that cuts and copies my post cause he#$%$ is to stupid to create it's own. As for any spelling or grammar errors, looks like you just can't find much to criticize or complain about.
Your nothing but a phony, fake, and a fat kid with a key board, the above post proves it. The post you just made is word for word the post I posted in reply to you several weeks ago. Your so stupid you actually cut and copied my post and reposted it under your user name. WHAT A MORON AND A FAKE! With that you have been exposed to everyone on this board and 100% of any credibility you may have had just got flushed by everyone on this board. How can you be so immature and just plain stupid to use someone else's post? MORON! I will say thanks for doing me the honor of reusing my post, as I'm glad to see it had such a profound effect on you.
Your an idiot and certainly not a "professional trader". Losses in the markets are not finalized until they are realized, if ever. Your a fat kid with a keyboard.
There will be no "next pullback" at least not to the last low's. Not even likely to go back below $3. Not so professional after all, you missed the low and your best chance. I don't think you know what your doing, trading on the WAG system.
LMAO! so you missed yesterdays run-up and got caught. Now you will have to hope for a pull back or be forced to buy higher, which will be t.he case. A small pull back today, but trivial., to many rigs laying down and an oil shortage is WELL on it's way. There is a fundamental change, else shorts would not be covering!
Yes, I have lost over 50% of my retirement income, temporally I hope. I haven't lost any capital because I haven't sold any shares of any of my holdings, most of which are MLP's. So, only unrealized losses at this time. Nothing to do but knuckle down and wait it out.
At this rate of inventory build, everyone should run out of storage and soon, then we will see a forced production cut. I don't think there little plan to hurt Russia and Iran is going to work anyway, all this for nothing really. The sad thing is, a lot of folks have suffered massive losses in there retirement income.
Just saying, at this rate of slaughter, something desperate will have to happen soon or there will soon be nothing left of PGH. They cut the divvy by 1/2 and it had no effect to my surprise. Clearly with oil still dropping it's clear no one wants anything to do with heavy, dirty Canadian oil, just look at LSTMF, DESTROYED! PGH and PWE may be next if this continues. Don't look good, not good at all.
and in panic mode. As soon as a up day comes along, they post in panic calling longs "BAGHOLDERS". It's easy to see who's worried, and it's not longs, we know where this stock will soon be going, up, up and up. Likely at least $20. by mid year 2015, and $30. by 2016. Post your nonsense while you can shorty, your time is quickly coming to an end, actually, I think it already has.