Posted On: 01/19/2014 2:12:26 PM
Post# of 2561
PGNX Daily Chart ~ Yet Another New High Last Week
We've been swing trading PGNX since the high 3.00s with two re-entries in the 4.20/4.30s and again in the 5.30s. I exited another 500 shares this week at 6.63. 500 left of the original 2000. I'm not sure when I'll sell those but I was asked if I sold any since the last break over the horizontal resistance line. The obvious would have been to hold until Friday morning and sell in the 7.40s, lol. These shares were held from the 4.20s in mid December, so a good trade with almost 55% in four weeks. I added more APPY and CBMX with those funds. As to the PGNX chart, I'll post a weekly chart next. I made an error in not looking at the longer term view as it probably would have impacted my decision in selling some shares over the last week. GLTA
We've been swing trading PGNX since the high 3.00s with two re-entries in the 4.20/4.30s and again in the 5.30s. I exited another 500 shares this week at 6.63. 500 left of the original 2000. I'm not sure when I'll sell those but I was asked if I sold any since the last break over the horizontal resistance line. The obvious would have been to hold until Friday morning and sell in the 7.40s, lol. These shares were held from the 4.20s in mid December, so a good trade with almost 55% in four weeks. I added more APPY and CBMX with those funds. As to the PGNX chart, I'll post a weekly chart next. I made an error in not looking at the longer term view as it probably would have impacted my decision in selling some shares over the last week. GLTA
| 01/15/14 | Sold | 500 of PGNX @ $6.6344 (Order #395) | 3,309.15 |
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