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Patriot Coal Corporation PCX



NYSE:PCX - Post by User

Comment by Libertygon Jul 09, 2012 10:17am
332 Views
Post# 20094265

RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: pcx

RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: pcx

If 2.00 can't hold i would suspect we could re-test as low as 1.45, or even 1.20 area on this pullback. Have buy orders in at 1.45, and 1.22. This is why trimming half out to protect profits and cost is so vital on price jumps. By holding your core position and trimming out on a trading position greatly reduces upfront cost and eliminates high risk. Take advantage of these nice doubles and get some profits locked in.

 

I suspect this base building will last throughout the remainder of the summer at least.

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