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Gold/Mining/Energy : Oil Sands and Related Stocks
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To: Taikun who wrote (7363)3/2/2006 7:50:52 PM
From: Chuckles_Bee  Read Replies (2) of 25575
 
I didn't buy more PTII today...because I already have too much.
Shame on me, but what fun! (on a good day mind you).

What I'm wondering is does anyone have any sense of how to play this thing? The first run to 4+ was followed by a fall to as low as about 2. This latest news seems to me to be much better than the original news(Monday), but I'm guessing some people that took that ride down will bail when they get even....and those that bought at about 2 will bail for about 100% gain "profit taking"....and top it off that PTII probably isn't a name many know of (given the average volume)....and given all "news" pops seem to be followed by slow falls until more news.....is this a time to sell, assuming a buy back opportunity at 2 to 3 again?

I know....just have patience...and sell at 5 or 6 or 7 or whatever. Or...just "take profits" and sell 1/3 now....or half now...or 72.57843% now...(and miss out on a possible double or triple on those sold shares).
Right.

I guess i'm asking an impossible question....but I thought maybe some of you with lots of experience might share some perspective on how you deal with these situations.
I know that supposedly "no one buys at the bottom" and "no one sells at the top"....but actually, someone does.
Is it just luck?
Is it just a guess?....or is there SOMEthing to watch for?

Thanks for your time.

Regards,
Chuck.
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