Petrel Resources - moderated discussion/research part II
Markqi - Thu, 28 Dec 06 :
35-55p fluctuation was for PET's life span. you always buy low and sell high during this range over certain period. you will become a millionaire within this certain period. and this certain period usuaully last very long - so far 2.5 years, may be another 12 month at least.
PET behaved like a kind of secured option favoured in range trading in my view. but not for any strategies of pure long or pure short. that is my point.
there are long force and there are short force. I guess the power of them are in the equilibram in the market. so there are range trading. that is the point.
