Bloodbath and CapitulationUgly, ugly, ugly here lately. Who would have guessed it would drop to the 80 cent mark?
Well...I still don't think the selling is over yet. I shall continue to watch this from the sidelines for my buy-in target. It was one thing to fail miserably with drilling but to be dealt a double whammy (ie. energy complex weakness) is another. Now you get investors bailing because they are simply trying to preserve their capital.
Curious to see how papa joe spins the whole energy market tomorrow. Should be entertaining to say the least. Should go something like this.... "it represents a fabulous buying opportunity...table pounding buy....blah blah blah"
We shall see...we shall see