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Post by marpro on Feb 21, 2023 18:07:14 GMT
Check the stock charts. All technicals are turning around and dropping. I am not selling, but could transfer cash from the equity and add shares if it drops some more – below $19/sh. The greed should be wiped out – after the fact.
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Post by richardsok on Feb 21, 2023 18:37:22 GMT
Check the stock charts. All technicals are turning around and dropping. I am not selling, but could transfer cash from the equity and add shares if it drops some more – below $19/sh. The greed should be wiped out – after the fact.
What signals are you using, mar? I got my confirmed "sell" signals Friday Feb 10 and sold out then (reported in BSW). Did another big Pimco sell the following Monday, dumping PDO (reported on the Armchair forum). I really shouldn't stray over there, especially with BSW posts, but small as it is, Armchair has a small cadre of posters I admire. I am completely out of Pimco. Watching PGP closely, though.
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Post by marpro on Feb 21, 2023 18:55:35 GMT
Check the stock charts. All technicals are turning around and dropping. I am not selling, but could transfer cash from the equity and add shares if it drops some more – below $19/sh. The greed should be wiped out – after the fact.
What signals are you using, mar? I got my confirmed "sell" signals Friday Feb 10 and sold out then (reported in BSW). Did another big Pimco sell the following Monday, dumping PDO (reported on the Armchair forum). I really shouldn't stray over there, especially with BSW posts, but small as it is, Armchair has a small cadre of posters I admire. I am completely out of Pimco. Watching PGP closely, though. I have been following you there. I already knew it. My question: How do get "buy" and "sell" signals? Can you show with the stockcharts? TIA.
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Post by richardsok on Feb 21, 2023 19:43:57 GMT
What signals are you using, mar? I got my confirmed "sell" signals Friday Feb 10 and sold out then (reported in BSW). Did another big Pimco sell the following Monday, dumping PDO (reported on the Armchair forum). I really shouldn't stray over there, especially with BSW posts, but small as it is, Armchair has a small cadre of posters I admire. I am completely out of Pimco. Watching PGP closely, though. I have been following you there. I already knew it. My question: How do get "buy" and "sell" signals? Can you show with the stockcharts? TIA. mar -- I don't want to sound obnoxious or arrogant, but you really should read my book to get a good handle on the process. I think you'll find it clear and useful. Once you and I are on the same page, we can hammer out any detailed questions or issues as they arise.
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Post by marpro on Feb 21, 2023 20:04:01 GMT
Amazing, the volume of trade of PDI so far is about double that of average. Sell baby, sell. There is more trading day today.
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Post by uncleharley on Feb 21, 2023 21:17:56 GMT
PDI closed just above the confluence of a 50%, FIBO retracement level, the level where the golden cross was established. and a high volume price level. Trading volume was heavy. The chart support levels look very similar to the S&P 500.
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Post by marpro on Feb 21, 2023 21:23:14 GMT
PDI closed just above the confluence of a 50%, FIBO retracement level, the level where the golden cross was established. and a high volume price level. Trading volume was heavy. The chart support levels look very similar to the S&P 500. The golden cross was at $19.02/sh. The premium is still more than 7%, and it is high (IMO). I will consider adding more only when it goes below the $18.70/sh.
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Post by marpro on Feb 23, 2023 20:01:05 GMT
PDI seems to be facing a resistance at the lower and tending upwards now. The traders/buyers seem to be back again.
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