RE:RE:Hey crude short sellers, weekend in 10 minsTanya1984 wrote: still another hour untill close for crude
I consider this a good day for BTE. It finished flat after recovering from an early dip of 7% while oil finished 3% in the red. With the exception of the first hour, it was a relatively stable day for BTE. I missed a key opportunity to buy at $2.50 so I decided to wait for a drop back to the low $2.50's. When I realized that wasn't happening, I picked some up at $2.60 and sold 1 minute before close at $2.67. On a down day (barely), I managed to squeak out 2.7%. The O&G sector is just too volatile now to buy and hold for my liking. I would rather make a few trades and hopefully make a few dollars while waiting for the bottom rather than try to catch a falling knife. I will eventually buy and hold but I don't believe this is the time to do so, unless you are looking long term and don't mind some more potential losses. Just a word about all the bickering in here: Guys, respect others' views and opinions even if they differ greatly from your own. With that being said, there is no need to relentlessly pump or bash. You are jamming up this board and deteriorating the quality and experience for its members with one-sided arguments that do no good for investors trying to learn. If you have a bearish outlook, fine. If you have a bullish outlook, fine. It is also fine to express these negative or positive views, but please don't try to shove it down other's throats and resort to childish banter. We are all in this for the same reason: to make money! If you think you can make more by holding a long position, shorting or trading, that is totally ok and your decision. If you disagree with somebody's choices, it's alright if you let them know. That's the purpose of this board. But please, let's keep it respectful and objective. I honestly with everybody the best of luck. Cheers!