GREY:WFREF - Post by User
Comment by
Piperdownon Nov 27, 2014 8:52pm
224 Views
Post# 23172265
RE:RE:RE:RE:dividend
RE:RE:RE:RE:dividend
I have to chime in now. I have been on the sidelines reading the back and forth for a week or so now. One thing that needs to be pointed out is that 99999gold has been right about where this stock was heading 100%. He is not a basher, but pointed out the chances of this going lower due to pressured oil prices and a weak company balance sheet. I was in on this stock for the Nov. dividend, but it was a losing battle and I got out with 6% losses, but cashed in on the dividend. So in the end still lost money. Maybe now is a good buying opportunity, who knows for sure, no one. Maybe start scaling in if your going for the long term, I can't see it hurting as you can't hit the bottom perfectly. It looks like oil is overdone, but it can fall further. The dividend being cut is a real possiblility, and could have further negative pressure on the share price. My thoughts are and I ask myself, is there nothing else worth investing in right now, until this story plays out a little more. I know I am watching it, but not investing in it. Too risky right now.