Bellatrix Exploration Ltd (Canada) BXEFF

RE:RE:Possible Bankruptcy vs. Possible 10 Bagger

[graffiti99]

I'm actually quite conservative and a long term investor. I'm good at buying and holding, I suck at selling. I like to hold for long, long periods of time.  That said, I'll make this bold prediction: BXE won't increase in price meaningfully until at least January. December is tax loss selling season, so everyone that has held BXE over the past year or so in margin accounts has had massive losses and they will sell and take the loss so that they can report and offset any gains they are claiming for other stock sells in 2018. If it de-lists in the US, others will sell thinking US investors will dump putting more downward pressure on the price. Does acquiring the stock at under a dollar really make a difference?  For me, it feels good to get anything under a buck, but I'd be nervous about not being in BXE when it finally starts its run. A pro would tell you to scale into your position and have cash to do it over the entire month of December. Don't buy all at once. Buy over a few increments to ensure you maximize tax loss selling because you never know when the selling is done.

TouchDown12 wrote: Great analysis 99. Don't know but the downward pressure today might have been due in part to a BNN guest talking about credit ratings on E&P and WCS differentials - so that may have added to the sell (short) pressure. What do you see as the de-listing (US) risk to current price? I have been waiting to buy more but wondering if a de-listing threat will push the price down again (to less than $1)? Thanks TD12