Replies to post #572 on Mechel PAO (MTL)

[stocktrademan]

stockman, After seeing Trump interview yesterday with Joe Kernan of CNBC, taking position here at these absurd low levels. All past trade gaps from last 3 years of charts are also traded through now too.. Russian business climate will now be attractive on many fronts if US & Russia getting along first time in decades...

Well good luck but I haven't changed my disposition on this one at this time. Feel good interview or not it hasn't changed anything for me nor my current thesis on the stock. My rationale is that if things are going to change for the better, then I will wait for the market to 'prove it' to me before I think about buying. I want the indicators to tell me the situation is not the same as I previously measured and anything else to me is something I avoid which is buying without proof yet anticipating the chart will change by hoping.

If you are intrepid enough to take a risky position now then the reward is also yours, but also must accept the possible loss which I think is more likely. Not trying to be disagreeable do what you will it's your account. I would consider controlling risk via smaller than normal positions, close stops, or put options to limit possible losses during this phase.