RE:RE:RE:RE:Prepare to LaunchCongrats on buying at 88 cents. My first purchase of CPG was around $40, so I have a lot of battle scars - fortunately for me however I am winning the war.
If I like a sector, such as oil (which I am infatuated beyond reason), my strategy is always to be 100% invested. I will trade in-and-out of a company, but never into cash - always countering a sale of one oil stock with a purchase of another. This seems to be a golden strategy for the moment as I have been doing really well flipping between CNQ and SU, MEG and CVE, and most recently selling BTE into CPG. I haven't counted, but I would not be surprised if my last 10 trades were profitable.
Bpultra wrote: Yes but also remember I loaded up on CPG at 88 cents .. so I have made my money .. and you are 100% right ... my lesson was teck bought in the 4s sold at a double in the 8s and now look at it ... but until this stock has a change inside .. the shorts rule .. should be able to get shares back in the 5.80s will see .. oil not holding.. algos are trading this
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CashHungry wrote: I hope it works out for you - however be careful. Years ago I was in and out of major CAD fertilizer company (then called Agrium). I thought I was a genius often making 1 - 2% in a couple of days as the stock bounced between $16 to $18 for several months. However, the good times did not last and one day the stock broke above $18 and I waited for it to come down but it never did and within a year Agrium was trading above $120 and I had squat. However, a friend of mine held onto his shares and everytime we met he asked me how much Agrium I had.
Bpultra wrote:
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Well short term I got a sell at the high of the day ... so far that is .. I see the shorts added back a bunch of shares ... maybe good for long term thinking...