Post by
Owlseye1 on May 07, 2021 1:17pm
Were going to $2.25 Patience!!!
Still cheapest oil stock out there with huge fundamental changes in the last while n more to come!
Comment by
Sexp1stol on May 07, 2021 1:20pm
Exactly what I am thinking. I am sitting on 200k shares and don't feel like selling at all. Actually bought another 10k shares yesterday at 1.65
Comment by
topdown99 on May 07, 2021 1:33pm
Keep this in mind owlseye , as of Monday morning (May 3rd) there were 26 millions shares short still active . Sooner or later those shorts will have to be covered so your message of "patience" is very good advice .
Comment by
Sexp1stol on May 07, 2021 1:39pm
Yea that is one of the main reason I am not selling. Normally I would do some swing trading sell now and buy when it goes down 15 cents but no way am I selling untill we get the shorts down to under 10mil
Comment by
topdown99 on May 07, 2021 1:51pm
Exactly sexp1stol , once BTE gets high enough the margin calls start coming on the short positions and then the party will really get going . Its got to be getting close to the trigger price when cover buying starts
Comment by
Maxmoe on May 07, 2021 3:54pm
It's even better than you think. Every penny the stock goes up shorty has to put in more capital. Every penny adds to the pain. Every day it goes up, their broker may decide to just close them out. Every day. Every penny. Moooohooohooohaaahaaaa.