$4.40 gets me back to my stop loss starting point. With new portfolio, since its long term, I thought Id put 20% stop loss based on market high on my purchases.
As PPH was plummeting I was thinking maybe I should have set it at 10% which would have seen me out at $4.00. Instead I rode this down to $3.82 (and getting a bit nervous) reminding myself I am in this for the long term.
So now I have ridden this quietly back up to $4.18.
The beauty of it having hit $4.40 is I'm in a "cant loose" situation. Even if it heads to $3.52 I'm in the money. Obviously I dont have the stomach for trying to trade in and out of PPH.
Well. Pretty much back to where it was a couple weeks ago. Humans are funny things. Is PPH now a target for the shorter given ATM has rebuffed their advances? Guess we'll find out soon.
Lead article in NBR Online today is on PPH. Craig Lister from Craigs talking it up. No new info though.
Great that Mark is talking it up. Always gives you the warm fuzzies when people from Craigs do a bit of raving ...even if they may have an ulterior motive.
Share price going OK today ...about to reach new highs shortly
No worries
At the top of every bubble, everyone is convinced it's not yet a bubble.
Reply With Quote
Originally Posted by winner69
Bookmarks