RE:RE:Bush League Investors Who's D.D. Where Some Social Posters..Coloradobuff wrote: I'm in no rush. Would you add more under 2$?
Colorado,
I'm not a short term trader. I try to keep things simple.
Bottoms and tops are impossible to time, and charts and technicals make things over complicated, IMO.
I invest in stories. You either believe or you don't. And all stories are not without their ups and downs. Nothing ever goes in a straight line
I like CGX and FEC's story.
My base was established between 0.6 and .80. I have since looked to increase my position by averaging up on dips.
As the story proceeds, as long as I continue to believe, then I will continue to add on the over solds to the downside.
IMO, Kawa-1 was a success, the announcement of Wei-1 and the extension is good news, and so, the play continues to move along.
I enjoy, and am thankful for some of the expertise provided by those with industry experience.
But a word of caution...
If every "Oil Head" that worked on a play knew exactly what was going to happen, there would be no "Oil Heads" to work...
GL