I am long but I don't trust BTE even though I am long. Have been burned too many times in the past. Might buy some more on margin because I am down thousands but any drop means a margin call. Since the price went up today I avoided a margin call but if I buy more I will get a margin call. I will only be happy at $5 and I say we ban Bigstar because he can't handle someone with a negative view of the stock. Stay humble, stay guarded because nothing is guaranteed and one false step by the UAE and this house of cards comes tumbling down. If the UAE leaves opec that's a $10 drop in oil. I want $3 by the end of summer but I think oil has peaked for the year and this could be a house of cards. Let's how bit but would not be surprised to see a pullback this afternoon. Maybe HOD is a good short term pick. We had a deal and now it's postponed, uncertainty is not good for the oil markets. Maybe OPEC allows more pumping and the oil price sinks. Today's postponement is good for oil in the short term but long term it gets dicey.
I know it's hard to understand but if you bought at $50 $2 and change doesn't get you that excited just yet.