RE:RE:RE:Step right up, it's your (un)lucky dayAs if I would make up borrowing money from my elderly father to pay off my debts. I first bought BTE at $50 and have been angry at this for over seven years, as I was down $300000 and in deeply I. The red for years. It has come back and I am up now but still uneasy about it and am getting greedy to try to go for $6. I want some extra bacon and cheddar before I pay back my Father. This sounds so far fetched, it can't possibly be true. Cough, cough, cue the sarcasm. I am elated at the chance to pay back my Father but the gambler in me wants to let this run a little more before I do. I certainly didn't expect for it to take 7 years to come back but feel I would be pulling the trigger early. All this being said this could easily go back to $4 here, it's not guaranteed and the last 7 years in oil confirms this.
I continually get piled on for buying at the top of the cycle, it's hard to believe other traders are so short sighted. That's because other traders who were in my camp have already checked out or jumped off bridges because they were down so much. I kept putting money in on margin and chasing on margin and got burned. At one point I was down to only 18000 shares but have built back up to 100000 shares. In 2016 I had $900000 invested in BTE shares and was up $60000, I watched it go down all the way to 30 cents and lost shares because of margin calls. I was down to 18000 shares or about $6000 in my portfolio. Now my portfolio is is about $470000, with about $85000 in margin. When I had the remaining $6000 I used a $20000 CRA refund to buy more shares and have been buying back up to 100000 shares. I know I am risking it here and it's dangerous given the shaky history of BTE but I feel entitled to more then what I currently am up, considering all my financial strife the last 7 years.