baytex this weekScotia reduced target price to 7 now from 7.5. Guys I think baytex will come down. I know oil is going up and I know markets are going up. I am also holding and not selling either. But I think baytex will come down. I was thinking 4.5 before but if that breaks we can head to 3.5 too. To me if it comes that low it's a big big buying opportunity. The reason is that baytex has gone up and profit taking will take it that low. Also when a stock is trading close to analyst target prices there is usually selling pressure. Remember royal says 5.5. You may see one of those days where oil comes down and baytex is down by 0.50-0.6 in a day. I am going to continue holding as I firmly believe that by year end we will see 45-50 oil price and baytex will be higher than 5.07. Long term holders should raise cash by selling other stocks such as banks (like I did) and wait for baytex to come down. It could happen as early as April and we may trade here and there (3.5-4.5) till August.