RE:RE:Boring stock to tradeI gotta agree with that , this entire sector is still heavily undervalued despite being profitable and returning profits to shareholders . Its also hard to get downside momentum when stocks sold get canceled and taken out of the float , never to return . Now if you really want a short trade with legs , Shopify at $60 is a prime candidate . They own nothing , produce nothing and have lost $2.8 Billion so far this year !!!!
GambinoB wrote: Smart traders have moved on.
Dumb ones left are those in other oil names looking to change their positioning
Far better smaller dollar higher risk names in oil out there for the swing trade
So in a nut shell we are left with the kids from the short bus...like R2D2 here
Lmfao
riski wrote: This has become a very boring stock to trade. Why do traders like it? Lately it hardly moves on good or bad news.
As a long term holder, I welcome the stability as cowardly speculators and traders get taken out by savvy long term holders and company share buy backs. Less and less shares are in the hands of traders eliminating the wild price swings.
Traders will find something else. I hear copper is volatile.