This post was just published on ZYX Short Change Alert.
Massive short squeeze is taking place in P on the news of a new CEO. Those who can stomach draw-downs may consider temporarily moving the stop zone to $26.58 to $26.88 and adding a 10% tranche in the zone of $23 to $24.90. The stock is at $23.30 as of this writing.
Those who cannot stomach draw-downs, do not belong in this trade and should consider exiting on any pull back.
There is some probability of P temporarily spiking to $40. Those who can stomach the risk and willing to hold this position for the long term may consider adding 70% in the zone of $37.50 -40 with mental stops in the zone of $43-52.
