Wednesday, April 28, 2010
PWX
Fellas, PWX has climbed big time today up nearly 8%. I motion we sell and look for a re-entry when it dips again. PWX recently reported a loss and is trading up only on news that perhaps their loss wasn't as severe as it's peers in the industry. We can lock in about 15% in profits now after commissions and I feel as though we'll have another chance to buy back again in the coming months to ride this train up again.
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7 comments:
I second that! I think we should dump it and then get back in at a lower point.
We could also take a short sell position. basically betting that the stock will fall, but we have to be absolutely positive it will fall. Otherwise we are open to a big risk if it keeps going up and up.
Just a thought on a chance to double down..
I think we should stay away from short selling for awhile.. that's a more advanced trade in my opinion.
3rd the motion- all aboard the Profit Express!
In lieu of our treasurer I have executed this trade
sorry boys. I was out on the cape all day for work...
Thanks for stepping up.
Sorry guys..I have been at school and working so much that I havent had time to check my email
I agree with selling PWX for a profit and buying back in when it drops. I think we are taking the right steps by taking these profits when we can get them to be successful.
Sorry guys..I have been at school and working so much that I havent had time to check my email
I agree with selling PWX for a profit and buying back in when it drops. I think we are taking the right steps by taking these profits when we can get them to be successful.
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