RE:RE:RE:RE:RE:oil
I'll stick with my original math and hope i'm right. at $30.00 oil Enterprise will be about $.18c so at $.43c somewhere between .25-.30c Not likely they will be part of the group that Kevin O'leary said yesterday will be taken behind the woodshed and shot. They should be thinking about cash conservation right now any way they can and be grateful they were oversold at financing over a buck. Talk about horseshoes! If selling now at $.36c gives you peace of mind then you should do it. If its a lot of money for you and your overweighted on this one stock then eliminate the threat you can always buy back in when the market comes back whenever that is and perhaps there may be others that are dirt cheap with better management and better balance sheets. If its 5-10% of your portfolio or less why bother the time to get rid of it was when it fell 30% into the $.75c range where your pre planned exit should have been. Now I say that sitting on a pile at $.65c all the rules are out the window look at the banks falling. Most managed portfolios, the ones people who are retired and live off fell 10% in the last week and a bit. So if you had a million now its $900,000.00 and still falling. JMO