Saturday, February 11, 2012

Short Idea - PTEN

I usually don't short stocks, but I thought I'd throw out an idea.  PTEN is looking really weak below Friday's low around $17.85.  The bottom of the down channel has the target around $16.50 or a little over $1 in profit.  I would put a stop around $18.  With market weakness over the next couple days, this might work out.

~JP

No comments:

Post a Comment