RE:RE:L2 As a guy who made a KILLING on quality stocks like Teck Resources and Baytex, you have to pick winners strong enough to survive and that starts with management. I make a sport out of frontrunning short sellers on the buy and enjoying massive short squeeze. I was a key player here with that message until late August when I finally woke up!!! I get too "focussed" at time and I was "clown bashing" but the wrong clowns.
Look at the energy weaklings like PRE, TBE and other trash cans, shareholder value today? ZERO! bankrupt. Really sad for the guys who trusted the companies. TBE was failed Private Equity takeover, debenture holders said, "we'll risk liquidation on bankrupcy" instead of taking 14 cents on the dollar!
Not all weakings fail, speculative PWT was good to me but I'm out for now. Doubled my cash in a short time.
Cinven is a leading Private Equity firm in the UK.... Guess who holds the cards? All suitors for apparent take-over in the past six months were ALL big private equity, ZERO pharma interest.
This is 100% market shark fest! This is major league stuff guys.
Get educated or lose your money. There isn't a single "playbook" and when PrivE is involved, ya might as well call it pirate equity! And in this "zero sum game" they are the masters especially if they have help from the inside.... Not saying they do here... Wouldn't want to get sue-happy going...
TG1960 wrote: Yup..observing as well...CXR will rise again but tax losses will be in the way for now...then before you know it as the week/months go by the phoenix will rise up from the floor and everyone will be saying man that was a buying opp...why did'nt I buy it...check the energy related shares last January when the blood was in the streets...and where are they now..imho.