RE: fascinating tradingFelco... sorry you missed the first bounce.... sincerely. There's definitely ALOT of merit in your approach, crystallizing losses, limiting your downside... and getting back in when the direction is indisputable.
I will say this though... This is undeniably one of the most odd situations that I have ever been involved in. This thing has gone alot lower than I ever thought it would.... although it has been a perfect storm. My gut tells me, if this thing is going to turn around ( which I believe its in the process of doing) then I dont think its going to be slow and steady. Its going to be a snapback situation... especially if we have a hedge fund or two trapped SHORT as I think we might.
we'll see... at the very least we have proven today that PLI can show green on our respective quote screens