RE:Promising start to the day................ Anyone else???? Everyone is frustrated Slacker. It is the nature of the beast. Buy a stock at $7.00 that you think is worth $10.00, only to see it drop to $5.00, tends to get one frustrated. So frustrated that when it gets back to break even one wants to sell.
Be aware of how stocks move. They will move a long way down in a short period of time, ( LEG went from $17.00 to $5.00 ) and they will also move a long way up in a short period of time. ( SGY has just gone from $3.00 to $7.00 in 5 months and there are expectations for more) For all the stocks that I have enjoyed big gains on, the gain has always happened very quickly but also after having waited a long time for them to move. 90% of the time stocks will give you nothing while the other 10% of the time they will give either huge gains or huge losses.
If you believe in light oil, then rest assured that LEG's next major move will be up. This is shown simply by calculating the value of LEG's reserves, production and future drilling opportunities. More value is being added every quarter and the longer the wait for the big move the bigger the move will be.
KEEP THE FAITH.