RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Any opinions on support level? Timing?I understand.
Most investors of PEYTO and I would say all of the staff seem to think otherwise.
All the 12 plants Peyto owns could probably be broken down and sold for more than the present MC.
Most firms only view these companies in the past. We are looking 1, 2, 3 and 5 years out.
So yes we all could have had a nice trade, but many a time when I have sold things just seem to keep on moving up. Amazon is a clear example.
My wife is smacking me in the head just like Gibbs on NCIS.
One scenario I could have done was sell all positions and buy PEY, VET and ARC slightly out of the money calls into March 23 or longer for about 25% of my value. Still would have had the potential and at the same time a huge cash position of safety. The downturn alone lost was enough to do this.
Whether today is an anomally I don't know.
On another front, I was going to post on the IV board, but it seems a lost cause of Republican sourpusses.
Does anyone think the downturn was created by all the funds selling positions they don't want to show on their quarterly end statements?
You buy oil and other stocks early in the quarter, and then sell out before quarter end so you don't have to show it in the reports. Then you can come back in early next quarter.
Still get most of the returns if not more and don't get banged around for having those assets?????