Shorts doing rather wellWell, Oil is down 1% and ARX is down well over 5%. so the market is certainly indicating it is not overly confident in ARX at the moment. There is little question that ARX has good properties so one is left wondering where the lack of confidence lies........
I'm a long way from even breaking even here...but if we do get back there I think it would be time to bail..lots of other oil stocks who seem to be weathering this chaos a whole lot better. That being said, it looks like all the oils need to be treated the same way we treat penny stocks - give up on long term holds and just play the swings...there simply isn't any real value in any of them - just some are worse than others.
Sad
GLTA Longs (would just love to see the shorts get burned for a chaange though.)
Rusty