Baytex Energy Corp T.BTE

10 out of 11

[masfortuna]

10 out of 11 posts are between Snowy and Blue.  Both are bearish.  Is this a new love connection :)

[Snowballer]

lolll  Well it pays to be right in either direction. Deepblue just trash talks... I explain the technical reasons as best I can.

[masfortuna]

Np with that Snowy. The trick is to actual benefit from it. You could start going short on these oil companies if you like BUT we are 1 hurrican away from $100 oil again. and that's with gov't intervention with SPR, Gov't ant-oil policies, high inflation. talk of recession, Chinese economic woes...etc. Plus all companies are tradinghigher than the lows they posted in May meaning that

[Snowballer]

100 percent agree. Don't need to be the first guy in the door or the last guy out.  Lots of time to enter and exit.  But I always try to buy low and sell high loll Some like to buy low, miss the high sell, buy more higher later, miss the higher sell, hold the crash, buy more at the bottom.  Good for them.  I'd rather trade 5,000 time than hold 5 years.

[TheWokeLemming]

SB I certainly wish I would have listened to you more about 6 weeks ago when you called for BTE to be under $6.   I did right by selling it over $8 but bought back in too early when it was near $7.   Thankfully my CJ has fully rebounded (or HAD until the last hour of trade) and I unloaded most of it today at 9.27 when WTI went below $92.75.  My problem is I always buy back in too

[Snowballer]

epic trade on CJ! I bailed a while ago in the $8's as I'm hoarding cash as of a few weeks ago.  Honestly I think if you live and die by the MACD and RSI and an SMA or two with good candle reads the probablities will be in our favour on momentum. I find oil tough to read because its so volatile... but I suspect on a worst case basis... pure freak out by the market we go to the $70'

[TheWokeLemming]

If I was so smart I would have sold it all.  Lol.  Was hoping to see a strong close to confirm a strong buyout possibility from CNQ.   At least it pays me to wait on the remainder.  

[BayStreetWolfTO]

Yes, the blue guy is just a trash talker. Was a good one to ignore. I follow plenty of bears but idiots just need to be ignored