Bellatrix Exploration Ltd (Canada) BXEFF

OPEC Cut

[sonofabach]

They are going to cut by 1.2m barrels - Oil is rising this morning

[1condor]

This price looks inticing for a trade...however don't do it!The OPEC cut was on the light side and this week a whole host of news items is going to keep the general market volatility going strong. Plus don't forget tax loss selling is in full swing and BXE is a prime candidate. I suspect by the time tax loss selling is over this stock will go for about 80 cents. Watching the carnage from

[sonofabach]

won't argue on the price action of BXE but the OPEC cut was more than expected - therefore not on the light side

[1condor]

Hope all are reading my threads. I said tax loss selling would take this to 80 cents. Here is comes!

[Eagle1]

All are reading it except the 176 who have you on Ignore.

[1condor]

Eagle1...I don't know why people would put me on ignore when my calls (not all, but most) are accurate. I am not pulling these numbers out of a hat..they are based on a program which I have developed on my own. I said BXE would get to 80 cent on tax loss selling. Well here we are at 80 cents and still falling. I just wish people (for there own good and financial health) would read bearish

[Eagle1]

Icondor, I'm one of them for sure, I have a pile of this stock. For me, it's hard to ignore the often stated book value, yet the market is obviously ignoring it. And that includes the insiders. Yet all the talking heads and the various analysts have all called it higher. So where is it going? At 80 cents it's equivalent to 16 cents pre reverse split. When are you loading up? Before or

[1condor]

Eagle1...The 80 cent price today is actually a very good entry point. There isn't much downside left on this one. Are you planning on just trading the stock or going long? Enjoy.

[goldbull9]

Condor, I'm a buyer at 80c level as well.  I'm with you on the limited downside.  

[1condor]

godbull9...I bought some today at 74 cents. Really surprised we dipped below 80 cents...but the market sometimes is not very rational. The dip on some of these Canadian oil and gas stocks as of late has been nothing short of astonishing.

[Don2018]

Well, that shows what a fraud you are. That was from 3 months ago, looks like you aren't as smart as you claim.