Monday, June 23, 2008

PCX: I'm in

I used this morning's strength (on feeble volume) to enter my short position in PCX. Read last night's post to understand the entry.

2 comments:

carmichael said...

did you short this stock outright with all that capital? Do you use puts at all?

DAVID STODOLAK said...

You sure are brave! Check out the 20 ema. It's been major support along this uptrend (particularly from April until now). If it closes under there, I think you're golden.

-David Stodolak