RE:Let's not get overly excitedUnlucky13 wrote: Premarket bids wil come down, it looks like a $4.90 open, it all depends on oil. All this $5/talk may be a little premature. The trend is up but we are still not clear of the threat an OPEC meeting fall through on March 20 and oil going back to the $20/range. I am excited too but am cautious because this could be a headfake and we could test earlier spring lows still. The other fear is that a buyout or hostile takeover before this gets going might come. The key will be when to get out, you can't get greedy as it was impossible to pick a bottom and will be extremely difficult to find the height of oil this year.
So you thought BTE would open at $4.90 but $5.00 is not realistic? It's only an extra 2%. You really think oil is taking a 50% haircut from here? Why are you so negative? You have given up any credibility you may have had at any point because of your never-changing doom and gloom outlook on oil. We have seen a 50% rally off the low and you remained negative throughout. You need to take off those subjective glasses and start looking at things from a different point of view. Being as biased as you are will end up losing you a lot of money. It sounds like you've already lost a significant amount. You're outlook and remarks are nowhere near the realm of logic. You have a knack for putting a negative twist on positive news. Please open up your eyes. I don't like to see anybody lose money. Good luck.