Bought 50 shrs. GNRC @ 319.00 few days ago. Had a hell of a pullback from a beautiful chart. Always does well during hurricane season. I’ve installed some of their units. Very popular.
I don't know how big your bank is, but I used to buy shitload size positions like $35,000 a pop, but I've now swung the other way, I buy a large number of small positions, depending how speccy but anywhere from $500 up to about $5k max. I find it easier to trade this way. The markets to me are like a lolly shop, always juicy morcels on offer, so going small means I can feast on lots of tidbits. Not a week goes by that something doesn't pop up which requires a snaffle up. Then I wean off those not so keen, eg, sell those which misbehave.
I'm looking for the bottom on this one, Pointsbet, its a bookmaker/online betting. I'm guessing its about here at $5 but not getting a signal to say its bottomed. It may go to $4 imo. Anyhow, its on my radar.....
The short sellers have their tentacles wrapped around PBH (#21), all good, will bide my time and get a better bargain, right now doesn't seem to be the time. PBH is up 6.5% atm, but still doesn't look convincing as a breakout, betya toward eod they smack it down again.
Shorts are using this opportunity to make their escape me thinks.The past week I think they were partially covering their positions each eod as they ease out. I set a price limit last night @ $5.01 and got filled @ $4.90 on open today. Another 30 minutes to go prior to mkt close.
I believe shorts are exiting and up from here depending on mkt bearishness which am not anticipating in immediated future. Price action today.....