RE:RE:RE:RE:under $ 7.00 today ?Scottie99 wrote
Looks like you are an impulsive buyer and that is more of emotional buying than strategic. Since the effect of the virus spread is impacting oil prices, it is all over the news that oil price is falling and so the stock dropping is more of a falling knife than a resistance.
It is tempting to buy at this low but if they yank the dividend as oil prices keeps falling and revenue is adversely affected, the SP is going to drop real fast. Hopefully, you would want to reconsider the 1,000 bid at $6 so you can watch what happens. The virus spread is increasing outside of China and until it is arrested, oil price might continue to fall until production start to fall faster as well. It is all dynamic and happening so fast, so the uncertainty is currently high to want to get in until one has a good idea of where the momemtum shift is. IMHO!
justlooking4 wrote: Well she is now below $ 6.50 and oil continues to drop. I did buy 1,000 shares at $6.90, my mistake. Have another order in for 1,000 at $ 6.00 then I am broke. Just pray they don't take away the dividend, over 7 % return now!
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Good advice for as they say
the market can remain irrational longer than you can remain solvent.