GREY:LSTMF - Post by User
Comment by
99999goldon Jan 12, 2015 2:21pm
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Post# 23310363
RE:Can't take it anymore
RE:Can't take it anymoreDonnie wrote: I'm out.
What little is left is better off playing a future rebound in oil price on a Company like WCP...or anything that isn't levered to the teets like this thing is. What a disaster.
I just couldn't sit by and watch this go to zero over the next 6 months.
Percentage wise, I lost a lot. Dollar wise, I'll get over it in time. All of the value I built up in oil shares in two years. Gone. But, I feel relieved, learned my lesson. PIcking up what i've got left and moving on.
d
there's more than way to play it than going long on a stock - shorting this is too late already a crowded trade as it is but there are others like LTS - i.e. LRE that's pretty much on the same trajectory or other heavily indebted juniors.