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.
So much for going all in on commodities.
You dump your stocks, you dump your crypto, and now you’re getting ready to dump commodities. Playing with scared money?
What about re-buying oil. Dvn, exon,bp and the rest ?