RE: RE: Been nibbling this week Yes, unfortunately I was stopped out today at $1.65. Too bad. Hopefully I'm not subject to Murphy's law, where RE pops like crazy next week (It wouldn't surprise me). haha.
I might consider entering again, but on a week that looks to be closing up. I'm very bullish on energy plays right now, particularily gas plays. I think small and midcap gas stocks/drilling companys will see the most M&A activity this year than ever before. Many large to super caps are plush with cash, and I think they too are looking for the floor in these little companies. They'll clear a debt ridden balance sheet, provided the opportunity is there. I think RE has a lot of opportunity to offer.
$2.00 down to $1.75 was important support for this stock. I'm out, simply because I don't have a target between here and $1.00. If she holds here, and begins to climb back in the $1.80's, then I'll try the position again.
Good luck RE'ers. I'll still be paying attention to this one.
~BT