TradingView
schmidtke_jake
Sep 1, 2018 8:16 PM

Bullshit PCG long Long

Pacific Gas & Electric Co.NYSE

Description

Well California approved a bill to raise utility bills for its citizens to protect PCG from bankruptcy due to all the lawsuits against them for being liable for 12 wildfires. Looks like it breaks this resistance look for it to fill more of that gap. But one thing with upcoming elections must be watch if any candidates gets in to try to change this legislation that was passed.
marketbeat.com/articles/california-approves-measure-to-pass-on-wildfire-costs-2018-09-01/?utm_source=newsletter&utm_medium=email&source=ARNDaily
Comments
jeffreyjim
California Lawmakers Democratic Socialism "Bullshit" and --- "PCG"
Today 1-17-2019 "PCG" gave a daily signal.
This type of sell signal "Does Not" always work. Last trade at his time = $6.96
This is for information only

"One Eye Jim"
jeffreyjim
"PG&E" --- and California Lawmakers Democratic Socialism --- is "Bullshit"
MY minimum downside target was hit today 1-15-2019 at $6.50 --- Todays low = $5.07
Remember "PG&E" could go to $0.00 at any time - ?
If - ? - anyone is "Bullish" this might be a good time - ? - to think about a "Good Money Management Strategy" to start buying.
One "Example Only" of a good "Money Management Strategy" to use listed below. (My Opinion)
Trade # --- Price ---- # of shares ------- Total Cost -- Commission not included
------- #1 = $4.00 --------- 116 ------------- $464.00
------- #2 = $3.50 --------- 133 ------------- $465.50
------- #3 = $3.00 --------- 156 ------------- $468.00
------- #4 = $2.50 --------- 188 ------------- $470.00
------- #5 = $2.00 --------- 235 ------------- $470.00
--------------------------------------------------------------
------------ Total Shares = 828 ------------- $2,337.50 Total Cost --- "Example Only"
My thought is to wait until February 1, 2019 minimum for buying strategy to start.
A few cycle lows are due in this time zone ? --- 2-1-2019 thru 6-1-2019 --- This may or may not happen ?
"Elliott Wave Patterns" --- May be easier to figure out ? -- Less options to deal with ?
Just sharing my thoughts --- For information only

Democratic Socialism in "America U.S.A." needs to go away.
"One Eye Jim"
BasedDeptGeneral
Spoiler alert:

A long here wouldn't have worked out too well.
jeffreyjim
"PG&E" --- Minimum down side target is below $6.50 my opinion
California Lawmakers Democatic Socialism --- "Suck"

"One Eye Jim"
schmidtke_jake
@jeffreyjim, might exhaust at 8.71, but how they choose to continue to support this company is beyond my thought.
BasedDeptGeneral
@schmidtke_jake, They don't have a choice... They serve 4.5M customers. Literally the only other options for people in NorCal are:

Becoming Amish AF

Retrofitting solar

shitloads of hamsters on wheels
jeffreyjim
@Cryptom173,
I vote for the "Hamsters on Wheels"

"Democtatic Socialism" in the U.S.A. -- "SUCKS"
"One Eye Jim"
More