p & d, page-18

philbar,

I hold two parcels of PRR, one for LT and one for ST daytrading. PRR has been an excellent stock to daytrade provided you can pick the highs and lows. Overall it has been one of the better daytrading stocks I have been involved in for quite a while.

Looking at the charts over the past couple of months there have been a number of peaks followed with a retrace. IMO this latest one has been more sustained and my gut feeling was that something was afoot. (yet to happen.)

There would have been plenty of sellers today taking profit from this latest sustained run. IMO some may have got a little burnt if they did not pick the high right and also bought back in before the retrace had finished for the day. Part of the risk for daytraders.

You are correct, there is money to be made if you are reading the trends correctly. PRR has been one of those stocks that do give you a chance to make a buck in the short term.

That aside, I am also prepared to lock in both parcels for the long term once I am convinced that PRR will continue Northwards without any large retraces.

All part of the game in being involved in the stockmarket.


Good luck to long termers.