RE:RE:$11.26 Closepatenright1 wrote: Crazy Shite! Glad I dumped 50% at open yesterday and placed a stink bid for rest of week at 11 knowing I would be away at cottage and I log in to see it filled and even hit 10.7! These shorts are ruthless and disgusting I might add, but they will have to cover and looks like smart ones did under 11. I have lots of dry powder if these crooked maggots want to get this to $10 ( its 2008 financial crisis low). Piper, cant believe you are holding into Tuesday, give your lower risk tolerance to hold, but maybe that was more for an ER. ER was good and while it did pop so glad I held , I did misread the drop after, I thought maybe $1 drop but it fell around $2.
I have started to go long BTE at these prices. I am scaling in. I have been wanting to go long, but oil was still up around $50.00. Today's push of oil down in to the $46's and BTE at $11.00 I started to scale in. I have been day trading it and swing trading it, but that is taking too much of my time right now. I don't see oil heading below $40.00 as a close number (maybe intraday) so I am starting to take my position for going long and holding. I might try and sell the rips and buy any dips, but we shall see. It all depends how all the variables are behaving at the time. The volatility will be extreme while oil is bottoming here and BTE will be too. Hang on to your hats.