PCT Short Review
Updated
Another position I took that I wasn't feeling comfortable enough to publish at the time -- this time on PCT.
Idea introduced to me by John Hempton on Twitter, have followed the stock for months waiting for the right time to short, and happened to pick the exact week for the meatiest short. Definitely got very lucky, exited at 6.12 last week.
Will be keeping a look out for a swing opportunity at some point and will be sure to post it the next time -- very volatile stock for a company desperately trying to raise money to aid production.
Idea introduced to me by John Hempton on Twitter, have followed the stock for months waiting for the right time to short, and happened to pick the exact week for the meatiest short. Definitely got very lucky, exited at 6.12 last week.
Will be keeping a look out for a swing opportunity at some point and will be sure to post it the next time -- very volatile stock for a company desperately trying to raise money to aid production.
Trade closed: target reached
This went extremely well. Credit to John Hempton for the idea -- waited probably 6 months for a proper entry and turns out it was the actionable one in the medium term.Curious who else took the trade.
Best of luck to you all!
Note
Continues falling -- wouldn't be surprised if it has a 40 - 50% green day next week.
Til then, bankruptcy calling.
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