you should doubt me! I have major beef with listening to anyone without a track record, too little of those online. this company still has lots of risk. I need more info to invest more. anyone interested in it as a short cover play or trend trader needs to decide when to exit. I hope for long term multi year growth. I really look for companies with exponential growth potential that I can understand well enough to hold thru pain.
I started trying to do that this year, to find the strong stocks and just hold them as long as possible. Easiest money I ever made in trading. But then it's a "free money" market now, so the trend appears to be unstoppable. This one looks good on the daily chart. Best scenario for technical traders would be a retest above $5 and a cup & handle after that.
What was the news? I didn't see any news. Why did it go up 30%? If PCT does well do you thing Procter & Gamble will just buy them?
I hope pg does not buy. there are a multitude of possible reasons for a big move. Only legit news was next quarter release date with a comment that it has been a busy quarter
Hey congrats btw. I know these short term pops aren't exactly what you had in mind lol, but hey, they never hurt. Double edged sword though... Now your stuck wondering if you should take some profit in case it pulls back PCT--->$14.62
Yeah, it can create a dilemma as far as how to handle things, not sure what I will do. I've thought of the 200 day average as being a good place to be aware of. If current price 2x the 200 it seems to have gone too far too soon. I am very comfortable where things are at.
Seems worth sharing, I make no claims to validity, reading thru it now. Extensive. I am finding a few people on reddit and twitter that have extensive info or backgrounds, they seem to have much larger stakes than me. They strike me as real people, not pump and dumpers. due_diligence_summary_for_new_or_potential
They put out a press release yesterday ending the South Korea plans, turns out it was only going to be one line.