GREY:WFREF - Post by User
Comment by
99999goldon Dec 08, 2014 7:14pm
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Post# 23208366
RE:RE:When to start a position on LRE?
RE:RE:When to start a position on LRE?straightbull wrote: I reiterate.....start a position in LRE on the day they announce a dividend cut.
Original post was when LRE was $2.40, now at $1.42.
With the current downward pressure on oil price, one may be able to buy LRE at close to a buck when the dividend is cut. This would be a tremendous bargain. Patience!
1?! that's quite a bearish sentiment but very possible indeed. Another 40pts off? damn, I have noticed that oil sellers' money are going into gold and base metals, or holding cash waiting for more discounts/bargains at some point.