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mariosmack

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mariosmack

Re: ShortsFail post# 3806

Wednesday, 07/26/2017 12:02:01 AM

Wednesday, July 26, 2017 12:02:01 AM

Post# of 7021
As PGAS is due for a major pullback due to being severely overbought, is opening a short position a good idea? If so, is a long term hold of the short position safe?

If a person decided to short PGAS, ideally it would be magnificent if PGAS could lose 60-80% of its value before covering, but as long as PGAS does not go too high, shorts won't get burned.

"And Darkness and Decay and the Red Death held illimitable dominion over all." --The Masque of the Red Death by Edgar Allen Poe

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