OTCQX:GXOCF - Post by User
Post by
larsen6on Sep 11, 2013 8:43am
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Post# 21731909
Hi retiredcf
Hi retiredcf
Yes, Bellatrix definitely has the goods to move higher now. You are likely right that it may be moving faster than DTX.
My strategy is to flip flop between DTX, RMP and BXE short term. I sell the hard riser and buy the one that falls. If all three move in the same direction, the strategy does not work. Last couple of days I was cashing in some RMP and DTX and buying lots of BXE at $6.90. We could buy all the BXE we wanted at that price. I figured there was a very good chance of the JV happening for BXE.
Here today, I will be selling BXE at maybe $7.60 and will be buying DTX at around $9 and RMP at around $5.
I find that I can do this usually once a month for a few extra thousand in the bank. It will work as long as the macroeconomics stay on an uptrend IMHO. If the macro breaks, game over.
Larsen6