Replies to post #3806 on Petrogress Inc. (PGAS)

[mariosmack]

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.