RE:RE:RE:99999gold?Piperdown wrote:
Again I read through the posts and laugh. You guys are hilarious how you go back and forth at each other. This is the best bullboard right now. Lots of action. I truly feel bad for any investors who are losing in this stock and any other energy stock right now. I hope things turn for you. I must say that even though I haven't shorted a stock in my life, because I haven't taken the time to figure it out, that investors need to remember that there are two ways to make money in a stock market. Things don't always go up, and like me, a lot of us are playing a game that goes two ways and we only play the one way. That is bad investing, IMHO and I am going to change that on my end of things.
As for 99999gold, I like his point of view, and please don't stop posting your information and ideas. I don't need to listen to a bunch of cheerleaders only, the one's who are losing thier life savings and only "hoping" for things to change, instead of doing something about it, to make things change.
I must point out and give credit where credit is due. @99999gold, good call on the close today. You were very close, and I call it a win. Add it to your already flawless predictions on this stock over the past few weeks.
@pipe - thanks for the credit, 1.70 but someone reverse painted it - lol
Can't beat a dead horse any further, cashing out on the short, and close out HGD tomorrow and preparing for a full deployment on TG + others bro - back to basics unless something new comes up.
This is my final post on LRE. I've said all that I can here, given examples of what happen to these commodity companies when the commodity itself collapse - posted enough and I can see people are tired and simply don't want to be or are not sensible. I guess that's what happens and in summary:
- when hope is down the f*cking drain and hope is all you have because no word from management or assurances from them that it'll be alright...
- so I'll dream up that an acquisition of LRE @ 6 must be in the works...but I know most of you will take 2 today, fine 2.25 best and final offer.
- trading at 1x cashflow - can you put that in context? because debt to cash flow is near 3x but who cares about all that - 700m is all I care about.
- people losing 5/6 figures in a week and wonder or asking "are we missing anything" - stupid question to be asking when you've lost all of it in a week - while you simply needed to look at the underlying commodity and the easiest thing for you to do is to get the hell out of the way by hitting the sell button - if you did that last week you'd have almost twice as much stock if you bought it today... think about that for a second, you'd have the same money and almost twice as more stock today although once you have the money you'd be stupid enough to buy it, you're going to look for 1.50 or lower and on and on.
- asking who's selling at 2, 1.80, 1.75, 1.65 - wanna know who's selling? the people that actually have millions in play who are required to as they have fiduciary duties - they don't rely on hope or wishful thinking - they don't care for this stock or you people when oil is dropping like a cheap suit they hit the sell button and get the hell out of there to live another day.
- People here have no respect for sensible arguments and information that I posted and no respect for money, but have respect for wishful thinking....i.e when oil turns this turns with it... give that post 5 stars.
- Now everyone is talking about a dividend cut - one more time they need to eliminate div not reduce or cut it - there's a difference!
- People here don't understand or know how to read the balance sheet. Everyone knows an accountant - even your bank teller can tell you what it all means and they make $12/hour. that's just laziness.
One final advice and idea to everyone here:
if you're bullish on oil and if you think oil moves back to 68-69-70-75, 80, 85 heck 100 why not buy HOU - when oil moves up that moves 3x faster, liquid and make money back that way. Holding LRE will not get you your money back any faster than HOU, trust me it revvs like a SOB but careful though it can also make you loose more money faster - or if you're bear buy HOD.
So what's it gonna be? put your money down.
Just a thought everyone, have fun and be safe with your money.