Post by
WestCoastEagle on Nov 22, 2015 10:30am
Very Nervous Now!
Hey Guys,
Newbie here. I'm getting very nervous about this situation... I'm hoping someone with some experience could lend me some advice.
My average is 3.2 and I've been long for quite a while now. I have been fairly confident with this company's stock until now and had planned to buy more soon to bring my average down into the mid to low 2 range but now I'm terrified that I will have to sell it all for a huge loss. I can live with crude uncertainty but this is next level anxiety here.
I know that no one knows what's going to happen but I'm wondering if anyone else is planning a possible exit stategy if this keeps on dropping? Is anyone planning to sell if it keeps breaking down? I might sell half if it drops to a price, then sell the rest if it keeps dropping.
I don't know what to do and I'm hoping to get some advice from someone who has been through similar situations.
Thanks.
Comment by
ShortAttack on Nov 22, 2015 11:22am
This post has been removed in accordance with Community Policy
Comment by
braincloud on Nov 22, 2015 2:43pm
I think that the TD analyst said it best. The worst case scenario has been priced into the stock. You oiught to familiar yourself with the petroleum agreement and read the section in the 2014 annual report. It M. O. This is an over reaction. Do some reading. Make up your own mind!
Comment by
Albanian on Nov 22, 2015 7:45pm
Bankers will survive, lots of companies here have tax disputes and it's not in the govt interest to boot bankers out, this will either get dismissed or they come to an agreement for a smaller amount.you could see a depressed sp for awhile though
Comment by
braincloud on Nov 22, 2015 8:06pm
If it looks that bleak to you then sell! Do your own DD!