RE:OUTTA HERE FOR NOWblobboy wrote: very small haircut on 25K shares at $5.21 average....blew them out at market price of $5.20....gonna wait for the dust to settle but the way this one is trading methinks we go lower, no support for a higher oil price here and glad to have gotten out with such a miniscule hit. Think I`ll stick with the gold stocks....but even that run may be getting a little long in the tooth. The sidelines just might be the place to be for awhile until the volatility settles, TLSS is coming down the pipe and that is usually a very good time to grab stuff on the cheap ahead of the usual optimism of the new year. Where`s the bottom for this one if oil gathers momentum to the downside....$4.00 Can. ? GLTA that stay.
By rhe sounds of it, you have extremely short time horizon for your investment. If you look further than a few weeks ahead, this is a great buying opportunity. You are quite risk averse by the sounds of it so BTE, or even oil at this stage for that matter, may not be the best choice for you. If you still want exposure to the sector, consider some less volatile names. You seem like you are at a point where you aren't sure what to do. If that's the case, you definitely shouldn't rush into an investment. Good luck.