Replies to post #3843 on Petrogress Inc. (PGAS)

[puffadder]

Shorting pennies more of a myth ....

has to be something with tremendous volume and movement (UP) before someone like a Sykes would get involved.

Not gonna happen on something like this.

Today is just profit taking from a few weeks back.

[mariosmack]

Yeah I'm looking at the chart. Looks like 2 straight red days. I would give it maybe one more day to pull back a little bit more, before buying.

.0530 is too high. While it is technically possible for this to go up from here, it is very risky to buy at this price.

I would say, if you are new to PGAS, play it safe and do not buy right now. Keep watching it.

[mariosmack]

This was a short situation when I made that post and as it turned out, shorting would have won money the last 2 days, but I wouldn't short this right now. Could be very difficult to cover if a stop loss is necessary. Just wait it out and let it come down before buying.