PLS - 2020 chart thread !, page-443

Sold half my holding at 29 cents today in a calculated play on the expectation of something triggering a second crash in the markets. My portfolio is up about 10% ytd and was time to bank some profits or realise some losses like here. My average was around 43 cents.I initially bought in with an average around 68 cents and when it plunged into the teens during the first crash I about doubled my holding at 16 cents which brought me down to 43 cent ave, so I suppose you could say I have made some decent coin on the second tranche of shares whilst they moved from 16 to 29 cents in a couple of months.
Have also been selling other stocks to protect capital. I am very overweight gold stocks and put some sells in sort of hoping the gold price would be up, but it went the other way and none got hit.I am a gold bull but any second crash will see gold stocks tumble, but maybe a little less than the rest of the market. My strategy is based on technicals. In both recent crashes in 2001 and 2008 the market had a rally that on both occassions lasted 47 trading days before a second sever drop. We are at about 48 days into this rally and the market is not reacting to the state of the US economy or the US social fabric for that matter. IMO we will see another drop, it's just a matter of time, and the fed may have done enough to make this rally last a tad longer than previous occassions.

Good luck all.

Christopher