Baytex Energy Corp T.BTE

Bought more on margin at $2.40

[Unlucky13]

Looks like today's slide will trigger a margin call.  I will be forced to sell some shares. Shouldn't haven't bought at $2.40, margin was freed up at that point but it sure looks like I am going to pay the price for loading up and going all in.  28 cents was the play, not $2.40.  Can't catch a break.  Very alarming that this stock continually gives back the first sign that oil is going down.  A big OPEC decision might wipe me out!

After the margin call I may need double digits to return back to even.  I spend a fortune and have carrying costs to get my average cost around $5, it will be devastating to need a higher cost to break even.

[Unlucky13]

I don't believe or trust the stock but have to buy to reuse my break even point, knowing full well I could get turfed again with a flash crash back under $2.  Sure looks like a retreat to $1.85 is happening today.

[LuckierThanYou]

More lies from this piece of dung.  With the massive losses he claims to already have based on margin and lines of credit (which is different from post to post because he's can can't keep his lies straight), he wouldn't have margin available.  Love how his lies have caught up to him about his average price mysteriously nearly doubling from $3 to $5 while BTE was cheap as dirt

[topdown99]

Hey retard , please expand on how you bought on margin . You have blabbed on endlessly about being broke but now you "suggest" you bought more ??????

[Unlucky13]

If you are not going to be respectful I am not going to interact you.  You clearly don't know how margin works.  Go back to school and come back when you have.  On Quest-trade margin kicks in on stocks over $2.  As the stock goes up in value you are granted margin.  I increased my position by 15 percent by bought at $2.40, should have bought more at $2.  I didn

[topdown99]

I only have respect for real investors who actually own stock . If indeed you had bought at $50 , $40 , $30 blah blah blah  and held all the way to $0.29 , you would have been wiped out as margin call would have left you owing money . It seems you are the only boob here stupid enough to believe your BS . When mommy gives you your allowance or you get a paying uber job , go buy yourself a real