From Greg M
Lions and friends…
As you know, I stated several months ago that I was buying PDBC. I posted this fact in this newsletter and I talked about it in my video blog. Subsequently I pulled profits by selling half of my position, this also I announced here in this newsletter, but then a few days later I rebought in- (again which I revealed in this newsletter).
Since my re-buy PDBC has underperformed, with my new investment in the asset now down 7.64% as of this post. Overall, at least for now, this trade has been profitable.
IF PDBC declines further, with a 10% decline on my secondary purchase, I intend to close the position. At a 10% loss on my secondary purchase that would leave me with an overall profit of 7%.
NOTICE. This post is in no way a recommendation to buy OR sell PDBC or any security.