RE:RE:RE:BTE L2 9:20 - ALL LOOKS NORMAL?Nextlegup, Thanks for the heads-up! It sounds like 3-D chess. I struggle with the pros playing 2-D chess. So I guess that they play with people's expectations. They create headlines and 2nd level corraboration to create a rally that they sell into. Then after the rally, down the sp goes again. They buy in again, rinse and repeat.
But at some point the fundamentals gotta trump these psychological games. I'm not a day trader so I focus on fundamentals and they look solid to me. For me, the hardest thing is trying to value oil&gas company assets, say 6 months from now. And that depends on hydrocarbon prices in a big way. I'm betting that they go up. That's my expectation based on the fundamentals that I understand so far.