RE:TAAgree maint. My only issue is that I just don't believe you can use them for a stock like Pgd, or any spec stock at this stage of life. With an established stock, like Exxon, maybe you can because you have some consistency for many years to be able to "help" you understand where it "may" be headed and how best to take advantage of the cycle of past history.
Simplifying the process, spec stocks move from event to event and usually the SP, moves in tandem, and this is not rocket science...stocks limps along and then news, good or bad, and the stock reacts, then "usually" it limps back down until the next event, again using this as an example of a stock at this stage of life. Again, this is not anything you guys don't already know.
The challenge and risk, is when to get in and out if you want to trade it, and like some, if you don't want to trade it, is should I hold it and for how long? Seems so simple doesn't it?
The issue is we dont know exactly what is out there, in the ground and above, where peoples decisions can effect the outcome in the short and long term.
So yes, enuff rambling and enjoy the weekend, weather in Vancouver area spectacular right now!