RE: RE: Oil ‘Very Weak,’ Poised for Drop to $58: TI'm out for now GW, but only because I sold most on the way down past week or two.
Doesn't mean I don't think IAE is a good company, I most certainly do, I just don't appreciate the market right now.
Should have sold in May as they say (1st of May that is), but that's life. At this stage I will wait until a reversal is clear and then come back in. Sure I could lose a few percent here and there, but it helps protect my capital, which is ultimately more important.
Anyway, I should be careful as I don't want to mislead anyone and I usually don't discuss my positions, just company info and prospects.
I think quite a few used today to get out, but I could be wrong. Will look to reposition mid-June as the market settles.
COOP