Bellatrix Exploration Ltd (Canada) BXEFF

Wow !!!

[Sixtyminuteman]

Did you see what the Flash Boys did to BXE down in the Good Ole USA. 776,000 shares traded/shorted/covered and/or whatever for a 5 to 6% loss; oops, I meant profit 'on their end'. And those Flash Boys can't wait to get their greedy little hands on the 'fresh new money/higher price' that the BXE Management has promised with their 5/1 RS. When all they had to do was drop their NYSE Listing & let it move to OTC; or better yet, move it back to a Canadian Exchange. As I understand, about 70 to 90% of the entire US Trading Volume is now Programmed Flash/High Frequency Trading by the Big Banks, Hedge Funds, Institutions, and etc. Maybe BXE should be looking for a suitor or someone to merge with before they lose all 'our investment money' !!!

[Sixtyminuteman]

I forgot to mention that practically every one of those 776,000 shares were traded 100, 200 & 300 share increments in 'rapid fire trades'. Absolutely amazing how they can control a stock; and, its not only the low priced stocks like BXE, but also more expensive stocks like BP & ENB too. Again, in small 100, 200, & 300 share increment while manipulating the bid & ask prices.

[displayname66]

This post has been removed in accordance with Community Policy

[jollynik6]

got that right,wait till the reverse split ,they will drive it lower,Stupid move Bxe made,they should have left the US crooked markets,Can see this at 2.50--2.60 after split

[rad10]

Thats right - TSX is so clean and the SEC compliance and enforcement is so rigorous up here.  LMFAO.  Nothing more crooked than the "Calgary country club" A small clique of Canadian O&G insiders.

[Sixtyminuteman]

Rad10, thanks for the info about the TSX; I hate to hear that. If you look back at some of my posts I have said several times I don't know what's going on in the Canadian Exchanges. Do you know if putting the stock on the OTC would keep the High Frequency Traders out of the game?

[2rich4U]

Dunno and didn't mean to be rude SMM but lost a lot on a holding in BXE with a 1.90 cost average.  IF management would get that 9 dollar cost down and stop slapping themselves on the bag after a fairly respectable Q1 we wouldn't be in this mess! Dual listings are often bad news for investors.  Concordia, Nobilis, Spyglass all subject to shenanigans.  The clean cut Canadian

[Sixtyminuteman]

2rich4U, that is amazing, my share cost is $1.86us; 17,000 shares & down over $18,000 to date. My new cost will be 9.30 after the RS if I hold; therefore, I too am not a happy camper. I bought BP & SE (which merged into ENB) at the same time so all their profits have been neutralized by the losses from BXE. Trying to make a decision - sell or hold?

[rad10]

Its insane - the company is in much better shape than this time last year.  Capital structure is manageable and pricing has improved.  Selling now doens't make any sense.  Can't bring myself to double down as there are better companies to allocate new money. 

[darb]

Awfully hard to double down when you're facing a 1 for 5 consolidation!

[rad10]

Yeah - sitting on hands and waiting to see how the consolidation plays out.  Rare to see a happy ending with a reverse split.

[jollynik6]

You can almost guarantee how it will do after split ,they will drive it into the ground,I got out after they announced split,lost a bundle and will re enter after split but at 2.50--2.60 cdn,no more.will have a standing order after split happens,

[Sixtyminuteman]

It appears to make no difference to these Program Traders if a company is doing well or not; all that matters is whether their computers see money to the up or down side. Period!!! And, there's no way I'm doubling down on this one when the Flash Boys have targeted it for their Cash Cow by shorting or whatever. One of our posters keeps talking about buying back in after the RS for $2.50; I

[RMXStoleME]

Don't play if you don't want to lose man,  you gamble on stock sometimes you win sometimes you lose. forget about your 18K it's gone man!   Got burn  on a split before 152 old to 1 new  loss a bundle there but made it back with another stock. Look up Rubicon RMX.  

[Sixtyminuteman]

RMX, Still holding so I haven't lost yet, LOL. Still in the game because BP & ENB (bought @ the same time) have buoyed my losses to around $1200 at this time; should have sold at .72us & I would have been near even. Thanks for your comment - Misery Loves Company, Sixty.