I aways start building my position 3-4% below my last booking if possible. While i'm hoping for a pull-back to the $6 level, i'd like to have a 1/4 position in case we rally (especially with a potential rate cut looming). I'm always thinking what can I book, and POG fell big-time today so a bounce back definitely isn't out of the question. If EGO pulls back then I have three more quarters to add when I deem necessary and the process of booking profits begins again.
If I only had the ability to add one time, then I would wait till around $6-$6.10. FWIW
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