RE:Lee/Bogi, patience is a virtueThe plane I wanna catch has <30 RSI written on the side of it haha BTE or any stock is really just an airport... I used to live in the airport but now I fly around the world!! haha great analogy
BayStreetWolfTO wrote: First some don't have the risk tolerance. Second some might have the risk tolerance but shouldn't.
BTE is up 43% after today YTD better than all my safe money
Right now it is true retail is getting wiped
Right now it is true someone is buying. Anonymous buy volume was 3+ million today
I have seen it so many times over the several decades. Retail gets impatient and institutions/hedges fill the gaps through sentiment shifting
A year ago I started posting and if you recall my first subject was sentiment. Why? Because this is the big tool and very powerful.
So yes some will leave. Some will arrive just like passengers on a plane.
In the market net house summary at the bottom always shows zero. That's because for every buyer you have a seller...and every seller has a buyer.
In the middle you have the noisemakers
PS back in the day we drilled, we explored and we produced oil. For kicks and giggles tell me the average WTI price from 1985 through 2000 including high, low. Than you will understand at $88 or even $70 there is lots of money especially with debt where it is now.