RE:BTE looks like it will become a penny stockUnlucky13 wrote: Let's face it. It's over. BTE will end the day well under $5 and it's only going to get worse. $4 is a given and once we drop below the buying price of the insiders it's a sign that BTE will continue to drop and dangerously so. The play here is to short oil down to the $20 range. Trump getting in is the worst thing for oil. American shale will just increase and the US dollar will increase and that will put tremendous pressure on oil. We are going to blow by the $37.50 call made on here and reach the lows of the $20 range. OPEC has clearly spoken that they have no interest in a deal and even their proposal for 32.75 million barrels a day won't factor enough. Baytex won't survive the downside this time, it can't sustain another run at sub $2, from $9 to $2 we are all idiots for holding thinking something was going to happen. I can't sell Baytex because I am down many thousands after first buying at $50, but in my heart of hearts I know Baytex is a failed investment and we are just flogging a dead horse thinking it will return to its previous glory. With $30 or $20 oil BTE will be under a $1 this time and go bankrupt. Oil could then rebound to $60 but it will be too late as BTE will never recover once it reaches penny stock status.
What do you care? I thought you sold your holdings? Amazing.... I didnt realize you could 5 star youself to having 4 star rating.. LOL, your something else man...