S. Florida
Experience: Intermediate
Platform: MBT Pro, NT
Trading: Stocks
Posts: 4 since Sep 2014
Thanks Given: 6
Thanks Received: 0
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Wow! Thank you for the elaborate reply, really!
PBR is certainly a storied stock.
If I could my primary concern was trying to understand something that I've never observed before: a volume stock like PBR pegged at $6.05 for many many many minutes this afternoon.
It was so odd that I just manually closed my existing short position (and took a nice profit) rather than trying to understand why it was stuck there - government protecting it or what? I am not savvy enough to discern so I closed up.
Curious though, anyone else see anything odd or better yet what lesson can I learn to trade better going forward?
P.s.: To be clear, I am not investing in this stock just trading it.
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