RE:Big Trade At The End?
It's 50/50 with large block trades , some fund cashed out with another that wanted in . Market timing is hard to predict , should we have sold back in May when BTE was over $9.00 , probably , one never knows . For example ,Cardinal energy reaches a new 52 week high today at $90 oil , Baytex today was $1.60 away from reaching their previous 52 week high . Baytex reports tomorrow , Cardinal reports next week , should I sell half ? Maybe , it depends on how much it will run. Looking back over the past 18 months or so I probably could have accumulated thousands of more shares. Day to day trading is dangerous ,pullbacks after a run is almost certain . In Baytex's case , I don't feel that we've gone on a breakout run yet , not until it reaches $9.00 or more . There's nothing wrong in taking profits & buying back to increase your position. That doesn't change your long term view in my opinion , it just protects your investment . Looking forward to earnings tomorrow