Plans to protect gains over the next 45 days?So I think we have already established that for the most part the action seen in anything Canadian related has caused a reaction in most US based companies as well. With that said how do you think CRZ could weather the storm after Oct.17? There is lots of speculation has to how the market will behave the day of and after.
What if there is a massive sell off because now it is on the Canadian LPs to justify their valuation? CRZ could get dragged down in any turmoil for many weeks. Despite all the recent news the volume is still low and on red days the market makers walk this down just as hard as the others.
I think most of us around here have established good positions well below the $4.50 mark, some lower if you've had real strong hands. I don't want to see thousands in unrealized gains disappear, even though I know they will return eventually. It has not been worth it trying to jump in an out of a large position all the time because I know the liquiidty just isn't there. And news releases just keep coming. But if it means watching CRZ get knocked back down sub $6 just because of broader market sell off then that will be a bit harder to take.
What's everyone's thoughts on the action they are seeing and guesses as to how the week of October 17 will play out? Take a bit off the table or just tough it out and buy more all the way into the end of November?