Reply to RuudinFranceRuudinFrance wrote:
"My PIPE 6+ bag has gone to a <3 bag. Ouch!
I need some support with a solid foundation to keep the faith. Anyone got a positive spin? Not so long ago, I figured that I'd see a takeover between $4-5, but I'm no longer sure about that. Pretty happy with a diversed portfolio, even though B/P metals are not doing very well either."
Patience, a lot more of it. When there's a possible TO in the process of happening, these things usually take time and the people involved are always doing EVERYTHING they can to maxmize profits/value.......on THEIR end. The actions these "people" take in order for this process to go EXACTLY the way they want, come in many forms. From deceptions, irregular trading, questionable decisions making, even shorting their own stock......and much more. I personally still believe this gets taken out sometime in the first half of 2023. And they're not the only ones, there's like 2 or 3 more mid-cap ep's which could also go, but PIPE for now is the most obvious one imo.
I think you made a good decision to slowly divest out of you position here, since you had a large one to begin with. So selling some in the $5-7 range was a good move on your part, because i do not think Pipe get bought out more than $7, unless oil goes back over $100. Which to me seems improbable for now. But who knows really, anything could happen as we all founf out in 2020 with Corona & 2022 with Russian invading Ukraine.
Personally, i would stay out of O&G stocks, as i've been repeating on several boards, unless their UNIQUE situations like Pipe and gold& silver as well. The latter been stuck in limbo and seems like there's no interest from large investors and it doesn't know hwere to go. Just 20 years ago, with all the S that's happening now, Gold would have doubled by now. But it hasn't and that's worrying. If one has to invest in G&S, Silver is a better bet. My advice is to stick to EV metals for resource plays (like you've done with Lithium) and maybe start dipping your toes into the EV space. Stuff like ChargePoint, Blink, Rivian, Beam Global, Evgo, Wbx & Workhorse etc......
Hope this helps.....
GLTA