At first I thought swing trading will be hard because of my work schedule. Surprisingly, I now realized it's more fitting to my nature! As I've said before, I'm too slow for daytrading. But my chart reading skills are pretty decent. So yesterday I got in PCG perhaps a little early $20 instead of the lows of $17.75 due to my work schedule. But I was confident that it would work out due to the chart patterns. Because I waited for the extreme lows. Not the first day of the drop but the 5th day. Of course, it could go to $0 like Lehman Brothers. But my reasoning that it's a utility and it can't fail. At least not too easy to fail. When the news came out AH, I was relieved. I sold out everything today. It could still go higher. But I don't want to risk some random news about lawsuits and liabilities to drag it lower. Overall, it was a worthy risk to take. I could have really leveraged up. But I think it's better not to bet too large of proportion of your portfolio on one idea.
%% Hardly anything worth while does; could find some huge hints in post market. But i seldom look @ that
I'm glad i got out all of my PCG stocks and options. BTW, where did you get that chart? Bear Stearn is a dead stock. I love to find a site with data on deceased stocks. Please post link. Thanks!
That came from an article, but they used this. Unfortunately its not free. http://eoddata.com/products/historicaldata.aspx
LOL; like a dead duck// dead cat bounce.May not mean much ,PG&E has GE in it LOL; its still going down on weekly charts.Its not just their CA goofs,natural+ man made disasters,PG&E has a track record stupidity/rip offs.............................................................
Back in Nov 15 I was logn the stocks and calls. Then I flipped it now the next day. I bought puts a few days ago. Now it's paying off. Pre-market is ugly red. Let's see...
https://www.zerohedge.com/news/2019...anning-bankruptcy-announcement-workers-monday Oh yeah! Hopefully the puts will pay off...
%% Chart looks like a volcano; even if CA tries to bail them out, hard to stop volcano lava.NOT a prediction.DOW?DIA tends to go downi JAN , but NasdaQQQ still looks strong
https://www.sfchronicle.com/business/article/PG-E-Corp-may-notify-employees-Monday-of-13530546.php PG&E Corp. may notify employees Monday of possible bankruptcy Hope you guys weren't long over the weekend.