RE:As WTI trades around $90 another API draw Thanks for the catch wolf. It is 11 days and not 6. Most of my posts are first takes. I do not spend a lot of time on them.
I think this price drop is laughable. It forced me to take a look at intra day charts. If I was asked to make a forensic analysis for the SEC, I would call it stop hunting by computer traded algorithms. It has not been panic selling. Seeing all the conflicting hype, I would say two things are true.
1. Institutions behind the curve have decided they want some oil and gas shares. They place their orders at a relativeley low range, (not a single price) and give those who fill those orders weeks, and maybe months to fill them. If they do not fill, then they will make a decision and change it.
2. What I have already said, and what Wolf has pointed out. Options expiration, and oil price settlement dates are approaching. Manipulation is happening through the end of next week.
I will stick to holding my shares, and not help out by selling. As for the hype, I laugh at it. I know most other people do as well. I did not yet, put in an order to sell my shares at USD $30 GTC, though I have considered it. For now, I am going to let my institution loan out my shares, so those shorts can experience more pain later.
Time is on the side of the longs. There is no fear, or doubt for me. I invested in this for a good reason, and did my own research.
RS
Message Board Distorters Post
https://stockhouse.com/companies/bullboard?symbol=t.bte&postid=34326632
Baytex and those who make the markets.
https://stockhouse.com/companies/bullboard?symbol=t.bte&postid=34397511