RE:I think the bottom is not yet inCamper8 wrote: I'm a bag holder but I think I'll take the loss today and re-enter BTE next week, hopefully, on the Brexit vote. Until then, I think this will keep dropping and may drop even more if they decide to leave the European Union. I'll cut my losses now while I'm just down by a few hundreds.
The European markets are up significantly today. It seems investors are getting back in to pick up better valued stocks after the selloff was a bit overdone. Energy will be down at the open due to the API data, obviously, but I think we see a green oil day or 2 this week. I think oil will want to push upwards after this selloff and bad data week (so far). It could just be an interim tick upwards in the midst of the selloff but it also could be over and investors may have realized it was overdone. Hopefully the EIA shows a nice draw today. Combine that with a strong day in the general market and we could end the day green. All depends on the EIA data though and I have no idea what it will show, nor does anybody else. Good luck.