Sorry, I didn't ID this one but it was a very risky trade, although it netted 112% return in a few days thanks to short-covering. PCX is something to keep on the radar-scope. It's not poised to go bankrupt even though it's trading about 1500% below its 52-week high. It ran up on some coal demand indicators that are fizzling and since it was highly shorted it got driven up. I mention it now for those that are risk-takers or want to try to day-trade it on the down-side.
Happy Trading...
No comments:
Post a Comment