Holding PSIX with a Long-Term Plan
"I got an email yesterday. I got several emails this week about stocks. One in particular asked me about PSIX. They said, "Hey, are you still in PSIX because I'm thinking of trimming it today." I wrote back, "Yes, I own it. I own it for a specific reason. I own it. I'm down on this one. I'm not up on this one. This one's at 83. They almost trimmed it yesterday. It's up 4%. This was at about 77 yesterday. And I hope that person didn't sell. I hope they still have it. And if they sold, I hope they journaled about this. Because it's a trade for me.""
The speaker discusses receiving inquiries about trimming his position in PSIX but defends holding the stock as a long-term trade, emphasizing the importance of journaling trades and maintaining conviction in his strategy.
Buy PSIX at Support Around $78
"One person on Spotify said they bought IAG... but then I mentioned PSIX as the top second half performer with support at $78 and up 201% year-to-date."
The host highlights PSIX as a strong trade call by noting its technical support at $78 coupled with impressive year-to-date gains (201%) and a robust six-month performance (230%). Investors are advised to consider buying PSIX near this support level, expecting further momentum.
Strong Buy Trade Call for PSIX
"I took it at 87. Where are we trading right now? 95. Where do I think it's going to go? Well, the previous all-time high is 121."
The speaker explicitly recommends a strong buy on PSIX by entering at $87 based on a 4-hour algorithm signal. With the current trade price around $95 and an anticipated target of $121, the expected price movement offers a clear quantitative upside.
Technical Buy Signal for PSIX with Alert Set at $78
"PSIX, which was once trading near $4, is now at $16.12 with a 52-week range between $15 and $121; its four-hour algorithm signals a strong buy and I've set an alert at $78 to manage the trade."
The analyst outlines a technical trade for PSIX. Having observed significant movement from a much lower price and given a strong buy signal from the four-hour algorithm, he recommends an entry with a predetermined exit alert at $78. The mention of specific quantitative targets and risk management details makes this actionable.