RE:there is still hopeorlandofl wrote: not only sell low, but I get to sell at the low
what can you say? well, I bailed on about 60K shares - yesterday and today - quite the hit and still holding about 40K
I decided to take the tax loss and buy some Chineese stocks that have been battered as well and MRO - I added about 7K MRO - bought some chineese mutual funds, and BABA, TCEHY and BIDU
in 32 or 33 days I'll look at BTE again
not an untypical story - riding through the lows - not selling at the highs etc. MRO is a lot less risk to me - still have some BTE - it may not spike until I'm 100% out
I do think oil will recover, but I never expected these differentials and the low price for wcs and other oil from Canada - thus moving money to other stuff with huge losses - and still have big losses on remaining shares held
I do see Chineese stocks going up and I do see MRO going up and maybe BTE, but Canada is against oil companies right now - I'll hold these remaining 40K for a little bit, but I could dump them as well - I hate selling at these prices
if Chineese stocks and MRO were not so beaten up I probably would have held BTE - I think I can make money on the others and take tax losses on BTE and reconsider BTE around mid December after the losses are etched in
I guess you chose NOT to take Ross Healy's advice and NOT sell! He did say it would easily go to $5 and perhaps $6.50!