I Played this stock like a fiddle!Today this stock may have played me.
I was in this last spring around $3.00 sold just under $6.00 Nice play.
Back in and out again a few weeks ago from $1.20-$1.58, another nice run for me.
Back in out over the last couple weeks trading up and down 3-5 times a day playing these crazy swings each time increasing my position litlle by little.
I bought in fairly big again after the "Big News" hit at .96 GULP.... Double down at .80 GULP GULP
(Hell there are 6 offers on the table steak tonight right)
This has been a wild ride, can't remember a stock that played like this without dudes falling out of Helicopters.
This stock has always been kind of lucky for me and it has not let me down. Sorry everyone, I know a lot of you guys have been holding this for awhile and have not had the same results as I have.
Along the way I always thought that this stock shoud take off. I think companies with a lot less going for them are trading at triple what PRE trades at.
Management is weak as hell, the market has been brutal, politics, A S S-ivist investors and bothched deals, but this was a MultiBillion $$ outfit. A lot of people have a lot invested and a lot of companies want these assets.
I have no idea what is coming but I went ahead and pulled the trigger. I went all in at .64 and .63 (It was falling faster than my TD guy could type I guess.
This may be the shortest long I have ever played.
The whole ball of wax, lock stock and barrel. I am now 92% invested in PRE at an average .684
I have read more posts on this board than I care to remember and learned a lot. And laughed a lot.
Some pretty bright people here, also some mouth breathing idiots. On Monday it will likely be much easier to identify who is who.
I feel like I just put everything I have on heads or tails. This was a pure gamble based on nothing but gut. Winner Winner Chicken Dinner!
Man this is going to be a long weekend why can't this shite happen on a Monday
GLTA