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Old 04-05-2011, 03:52 PM
whodi whodi is offline
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PNRA is way over-bought currently and presents a good short opportunity

Should be a good short at these levels for a few points. Will look more into this tonight and will get a position tomorrow. Ridiculous run so far but definitely over-bought and due for a pull-back.
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Old 04-06-2011, 09:23 AM
whodi whodi is offline
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Shorted PNRA earlier just above 128.
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Old 04-06-2011, 10:49 AM
whodi whodi is offline
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Covered entire position recently at 123.13 a quick 5 point gain.
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Old 04-06-2011, 10:59 AM
ZoomVT ZoomVT is offline
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poor scr0da. he has been pushing pnra for a month+
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Old 04-06-2011, 04:54 PM
whodi whodi is offline
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What's up Zoom. Stock is still solid but it was definitely oversold and a pullback was inevitable. Hit this one at the right time. May fall back to the 20 EMA. Curious to see if it bounces off it or breaks down a little bit. Could be a good buy on a bounce right near it with a tight stoploss incase it breaks down. Stock also gapped up nicely with earnings in February. One thing about stocks is they always close gaps at some point. Something to keep an eye on.


http://finance.yahoo.com/echarts?s=P...urce=undefined
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Last edited by whodi; 04-06-2011 at 04:58 PM.
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Old 04-08-2011, 04:11 PM
whodi whodi is offline
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Tough week for PNRA. Glad I was on the other side of this one. May buy some next week on a bounce. Will see if there is any further breakdown at these levels before I touch this one for right now.
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Old 04-12-2011, 11:54 AM
scr0da scr0da is offline
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It's still at 120 I don't see what the problem is here...
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Old 04-12-2011, 12:13 PM
pman pman is offline
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could still see more downside to come fib reading shows $119.75 is the support. Good call on this.
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Old 11-09-2011, 07:58 AM
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Almost to 40% on my investment.
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