RE:I will admit when I am wrong If you bought this at $50 and did not sell all the way to sub $1, then you are not admitting to yourself that you were wrong. Now that you most probably sold it below $1 and never got back in only to see this go above your exit price, you still won't admit that you are wrong. So, please be truthful to yourself and admit it. Maybe you will be at peace with yourself then and move on.
Unlucky13 wrote: Grimes, pleas admit you were wrong today and my $1.64 prediction is looking rather good. Profit takers are back. Still confident about not hitting $2 in 2021, it's going to take $70 plus oil for that to happen and I think oil has a ceiling of about $66 for the year. I wouldn't be surprised at all to go back to the $1.40s here and see oil go back to $60. This is range bound and and I just don't personally sense an oil super cycle or $80 oil anytime soon. $60 a barrel before $80 and under $1.50 before $2. At $50 a barrel this is a 99 cent stock.
I couod very well be the only one positng when that happens. All the hysteria died down rather quick don't you think?
Todys is proof one one thing and that is that the oil price matters and that's it!
If the Dow crashes and retreats oil will go with it. We have gone from negative $40 oil to plus $66. That's a $100 swing, I think it's bumpy range bound ride and we are at the current ceiling, BTE can't go up if the price drops here but it can drop violently.
I will face up if I made a bad call but also own your irrational exuberance if you got the call wrong. This is not guaranteed and I think many here have got carried away with unrealistic predictions.
BTE is still a dog until the share price goes up to what it should be.