Q: Roughly a month ago, I finished building a small, but "full" position. (2% vs a blue chip 4-5%).
I know you are not a fan of averaging down, but with the "GSY-short report sympathy decline", would you make an exception here and add more to PRL?
If so...and trying to avoid "catching a falling knife", at what price would you add at? When I look at the technicals, to my amateur eyes it looks like $23-24 has some support. Be more patient and wait for that price to come?
Your thoughts?.....Steve
I know you are not a fan of averaging down, but with the "GSY-short report sympathy decline", would you make an exception here and add more to PRL?
If so...and trying to avoid "catching a falling knife", at what price would you add at? When I look at the technicals, to my amateur eyes it looks like $23-24 has some support. Be more patient and wait for that price to come?
Your thoughts?.....Steve
5i Research Answer:
We would be comfortable buying PRL into the decline, without commenting on position size. It is...