GREY:LSTMF - Post by User
Comment by
Rudee.on Sep 29, 2011 2:09pm
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Post# 19099901
RE: RE: Time to cut losses and move on folks.
RE: RE: Time to cut losses and move on folks.Even if oil stays the same or goes higher, there is still plenty of downside risk to PBN. But the most alarming thing is that many Analysts are saying oil could go as low as mid $60 range over the next 12 months, and if that happens, you will see PBN drop even lower in percentage than it's peers, so you could easily be looking at a $3 stock in under 12 months time. Actually, if the trend continues, PBN could be trading in the $3 to $4 range in a matter of a couple weeks. Either way, it's time for people to cut the losses. Truthfully, it was time to do that months ago.