PCG Post Bankruptcy Markup

Jul 21, 2020

After trading in a tightening range for the past year PCG has an approved plan to exit bankruptcy and may even resume dividends in time. Utilities are always a good way to diversify a portfolio. My average entry price is in the $9.30 range. Analysts price targets are near $14, i'm a bit more bullish with a near term just north of $14 and $30 near this time next summer. Lets see how high the rising tide lifts this boat.

Nov 18, 2020

Note

Averaging in at the identified accumulation zone would have given you time to build up a nice position and your trade would be up about 30% right now. This trade is a winner with a lot of space to expand. Patience pays.