RE:Victim of fast growth in volatile market
Yeah... I bought some over $5 not the full amount I normally invest - also sold 80% my CNQ about $1 from the high.... I like HWO - I don't think the search for oil is going to diminish - I do think that the Argentinian default is a manipulation - these guys knew all along they wouldn't get their money - not sure they intended to time it to make the market fall, (unlikely)... but using Argentina as an excuse for the market fall is just that - an excuse. The market was primed for a fall ... people were starting to chase stocks just because they were going up - not because of fundamentals. That's why I like HWO - the P/E was good, the cash flow multiple is low and it pays a 3.5% dividend - plus it has a history of growth. What's not to like about it. I'm not sure I want to jump in yet, there hasn't been enough pain yet - but I'm ready to buy in after the correction is complete.