That should have read "rabbit hole" lol. Anyway, I thought about what you're trying to accomplish and one thing you can do, and certainly should do if you take a long term position in a company like this is use the RSS feed on EDGAR. I mean not only will that alert you immediately to any SEC filings in general, but you'll also see the the 13-G's when they hit too. Granted they basically only flag big moves (the 13-G filings)... controlling 5% or more... but say in this case a fund owns 500K shares and they see something they like about the company and pick up another 250K shares.... that'll require a 13-G to be filed. (750K is 5% of PVAC shares) A 5% or greater owner also has to file when they drop below 5%, so you can see when a major player starts lightening up their position. The 13-D form is similar but its also noteworthy in that its filed when there's some kind of intent to do something within the structure of the company. Like a hostile takeover or a move on the Board makeup or something. Once one of these forms is filed, any change greater than 1% must have an amendment filed. So that will flag too on your RSS feed. Anyway... if I think of anything else I'll let ya know. Here's all PVAC's filings. You can read the 13-G's and see who the big players are. https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000077159&owner=include&count=40
Meanwhile PVAC has been the worst trade in my portfolio - who could've foreseen the nearly meteoric drop in oil prices though. I will be reviewing the trade and seeing what I could've done better.
Ahhh, you'll be fine. Live and learn. Keep the positions small. https://elitetrader.com/et/threads/the-1-cardinal-sin-of-trading-is.339934/#post-5004358
oh yeah, not worried about it. It was a very small chunk of my overall portfolio. I've been adapting some of Joel Greenblatt's ideas on value/growth investing recently. Best thing you can do is read a little and apply alot.