Canamax Energy Ltd DTEYF

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[bashermasher1]

Wow.. are we going below 1.00

[oilbarron]

Unfortunately, yes, I keep buying on the dips, but that will have to stop soon. This is taking a sh*t kicking

[wantmoneynow]

Hey Oilbarron. Yes this stock is taking a beating and it is nerve racking. I have not been buying on dips because I dont really have the guts to buy anything right now. I am down big though. I really hope this is the bottom because I got in at $1.49/share. What is everyones thoughts on the market? Is this just a correction?

[oilbarron]

Yeah me too, my ave price is $1.6 started at 1.77 and have averaged down since. I don't feel this is the bottom yet. The bear market is here for oil. There is slowing growth in Asia - and the world economy outside the US is on the verge of recession. Therefore, the Gulf OPEC producers are in a price war to maintain market share in the face of booming oil production in the US. It's getting

[bashermasher1]

I think there are going to be some new 52 week lows.. I will have to buy if it hits the .70s