Aug. 22 at 4:29 PM
$PGY I would comment the bloke I had blocked long ago not to show what a broken clock he is, but to share that the dumbest thing to do is to just state a blunt fact instead of thinking how to make use of it. Because these unwarranted drops, i.e. on no news, proved to be an unexpected boon.
When I saw the over 15% drop, I rushed buying all I could: 400 shares at
$28.90, which I told myself that I would hold until at least
$34 (no timeline). Well, I've just sold them to avoid being tempted to hold them (I already have a longer-term sizeable position in PGY) and in order to prove that shorting PGY is so dumb that the way to go is to counter it and... make a profit, of course. Now I have more funds for the next possible round of panic/short selling.
These days articles are full of warnings of a market crash. Well, I am better prepared now thanks to the recent shorts/panickers efforts to create BBBO (big beautiful buying opportunities).
Keep some dry powder and know what you own. GL LONGS
