"here's to all of us USOG "bagholders"
Not only a political analysis fence, but a real fence riding the 0.002 fence line but for some dancing now and again. I actually think that the PPS is as good as it is going to get. But what I think and what may be reality could very well be wrong and I would suspect that others share a similar scenario.
I'm certain that many traders, some one heck of a lot smarter about USOG than I am, have been holding in the RED for awhile and eagerly look for GREEN days.
For someone like me, who has just recently discovered USOG and is considering a possible position, seeing this fence is not all that it is cracked up to be. The balancing act on the rail gives little confirmation as to where the stock price is going. Not much looking up on the charts at this time!
No doubt additional studies will divulge more for me, but for the time being, the trending is blatantly clear in the historical charting and I think that there is little positive substance nor sentiment at the moment to keep this PPS from falling further. We will know soon enough.
So, the question is, where is the real bottom? For me this is an important determination as I really do not like to enter a position only to find myself in the RED within 48 hours. Done that, been there, not my idea of good sport. LOL
You have a good week.
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