RE:RE:Cutting my positiondoggiestyle wrote: Comical that you post this "before" you are supposedly cutting your position.
Not sure why you think anyone on this board cares what you plan to do? The only reason for your post is to shrill for the shorts.
I posted that after I cut my position. I sold at an average of $10.06. The only reason I posted was just to provide my thoughts and rationale. Maybe most don't care what I do and that's fine. I've done this for a long time and maybe someone gets something out of what I said. As I said, I'm still long. But RECON is a lonnnngggg way off from producing oil. And there are plenty of hurdles to jump though. I hope it does go to $50 and I regret selling half my position. But there is still a real possibility that it drops to $5 or worse. It's just risk managment. If you're hell bent on holding to the end, then props to you for having the balls to do so. But I've got my butt kicked by doing that too many times.
So when do you get out? And at that point, will you be OK with people calling you out because you sold too soon?