$PCG - Did market just panic dumped the wrong stock?

15 Jan

The recent wildfires in California, particularly the Palisades and Eaton Fires in Los Angeles County, have primarily affected Southern California.

This recent wildfire news caused PCG to crash alongside EIX (which bounced as well).

However, PG&E's service area is predominantly in Northern and Central California. PG&E will not have to pay back the wildfire fund if deemed prudent.

Furthermore, PG&E is a stable utility with monopoly-like dominance in California’s massive market. It benefits from regulated pricing, essential services, wildfire liability caps, and state support for clean energy and infrastructure upgrades. With strong cash flows, improving safety measures, and alignment with decarbonization trends, PG&E offers resilience, growth potential, and a compelling "buy the fake fear" opportunity. Don’t let short-term noise overshadow its solid fundamentals.

So, did market just panic dumped the wrong stock?

18 Jan

Nota

Remember always only enter trade when there're LTF entries and for stocks market must be healthy if long, and unhealthy if short

29 Jan

Nota

5+ days of 2.81% + scalp range, rejection at 0.238 prove market is not really to push it higher

31 Jan

Nota

not ready**