Another Punch in the Face from Seismic

Third times the charm...

Sometimes, my trades are anything but asymmetric. As in this case, I'm venting on PGS, where I got to ride all the downside in the company with a 50% drawdown, and when things started to look up for the company, it got taken out by TGS for a steal at my cost price.

I got all the downside, and none of the upside.

With the rest of the offshore basket grinding out solid returns this year, it's a waste of effort and a high opportunity cost.