GREY:LSTMF - Post by User
Comment by
JohnDDon Mar 30, 2016 8:22pm
209 Views
Post# 24713529
RE:LTS probably ready for a run
RE:LTS probably ready for a run
Orlando said: "LTS is probably ready for a run since I reduced my position to just 50K shares down from just under 200K and a loss of around $200 - $250K - nice, huh. I did have a big gain this year and decided to take the loss to offset some of it - I did buy more VET and CPG as I am very confident they will survive - not as sure on LTS. Anyway, I'll hold my 50K shares and hope it goes up - I took more losses to offset some gains I had. If LTS runs up both CPG and VET will go up as well. Good chance LTS runs up because I reduced my position so much. Good luck to the longs."
Well for sure can feel your pain. It may very well be a wise move to reduce your position and cut your losses as this company needs higher oil prices this year to survive. I am going to hang in there, but for sure this has been a very unpleasant experience - no matter what the outcome.