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Message: PRB - Slow Bleed

PRB - Slow Bleed

posted on Jan 20, 2010 12:02PM

Disappointing to watch the share price drift down as we wait for news and feel some effects short-term from this Blockade nonsense.

These situations can always provide buying opportunities and I will be putting in a few stink bids to try to increase my position.

I am looking at changing my approach to these types of plays and in hindsight should have taken some profits in the .60's, looking to buy back cheaper. I will designate some shares as traders going forward instead of holding everything LT.

In the meantime I try to embrace "patience" as a virtue.

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