The Novice Bear

The above chart shows the TD Sequential countdown for PGN.  As you can see, a buy and quick sell of PGN after it bounced off of its stop-loss point would have given a nice little gain.  What I want to emphasize here is that it is perfectly reasonable to buy PGN again as it comes down into a retest of the stop-loss point (blue line).  I would recommend call options since the premiums are typically smallest at the lows.