Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Question for Saturday. Hi Shawn I bought PLS early last month on Shawn’s Monday Trade recommendation. I set a slightly lower stop loss and still hold PLS. I would appreciate your thoughts on a target price and a stop loss %. Cheers Mike F
Hi Mike,
Sounds like you should only defer to me (Shawn here) for entry ideas, not stops! On a more serious note well done, the spike down in early June was frustrating to say the least with the stock now over 50% higher. Nine times out of ten we will move our “Stops” in Shawn’s Trade Ideas with the position ultimately letting the market take us out; only in “situation” style moves are we likely to simply cut and run. Looking at PLS today we would adopt a purely technical stop if we were long:
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