Bellatrix Exploration Ltd (Canada) BXEFF

Josef Schachter - Pump and dump?

[stock123]

Here's what Schachter said on Market Call on June 20, 2019, less than 5 months ago, when the stock was $1.01):

(BXE - A Top Pick Jun 18/18, Down 94%) The whole thing about low energy prices and the debt restructuring meant the stock got beat up. He will be adding to this position. People need to see that they can service the debt and then see the price of nat. gas firm up. (copied from Stockchase website)

Next time Schachter is on Market Call, he'll probably say that he sold out his BXE position instead of buying more stock.

Is he incompetent or dishonest? The regulators should have a close look at his trading activities.

[seekadvice]

I must admit I took Schachter's bait, hook line and sinker. Can't fault him for the first time, we all make mistakes, but after that terrible refinancing and executive compensation, he should have steered us away from that stock, especially with his experience in the oil and gas. Maybe he was just pumping it to get out with a little less damage because he should have been getting an earful

[gandc01]

I got stuck on this one too.  Down almost $20,000.  Schachter was the only guy hypling the stock.  Nuttall was not interested.  I will ignore Schachter's advice from now on.