RE:RE:Bullish on baytex actual fact and real company info.Thanks Daviddo. and I notice oil is recovering a bit now this morning. I dont think BTE is going to be hurting that badly with oil down only $1.50 now. This Kuwait news is probably starting to kick in.
netbacks wrote: Excellent post! Long but worth the read. Mirrors exactly what my thinking is on this.
I do appreciate the ability to buy it cheaper. From my position better to buy cheaper before a run than chasing a run. I hate that. You keep losing money waiting for your bids to get filled.
But because the investor sentiment he is bearish, I'll put my bid in at $5.16 for tomorrow which is the second point pivot. If it doesn't get filled tomorrow I'll adjust.
Please tell me if this is stupid and if so, what would you do if you weren't a trader but a mid to long term investor. Thanks and good night.