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Bullboard - Stock Discussion Forum Gear Energy Ltd T.GXE

Alternate Symbol(s):  GENGF

Gear Energy Ltd. is an oil-focused exploration and production company. The Company carries on the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. Its operations are located in three core areas: Lloydminster Heavy Oil, Central Alberta Light/Medium Oil and Southeast Saskatchewan. The Company is also engaged in focused on improving oil... see more

TSX:GXE - Post Discussion

Gear Energy Ltd > Those who have been wrong for a year plus call for double
View:
Post by lashing on May 05, 2022 2:11pm

Those who have been wrong for a year plus call for double

GXE will not double. I have nothing against GXE, its a sound company and I trade it all the time. But I dont hold onto it. I would, but theres more $$$ trading the chop then being long.

The same people who are going to get angry at this post have been dead wrong all year. Money to be made, but markets are not anywhere near fair or legit. The whole economy is a shell game that is absurb by any measure. They'll tank markets overall any day now.

I play the chop. And close out ASAP.. Becuase I'm not a sucker to this game anymore. And it is a suckers game.
Comment by masfortuna on May 05, 2022 2:32pm
Ok all the power to you. I am assuming you sold today? Yesterday? Last week?  That's the trick isn't it? What if the market tanks the day you buy it?  Like today? Do you hold or sell at a loss today? Do you buy more? Anyhow it's not as easy as you are making it sound and "no" I am not a clown. I have been investing for many years. If it works for you then great but ...more  
Comment by lashing on May 08, 2022 1:14pm
I dont want my cash exposed at this point in time. Last GXE trade I bought around 1.42 and sold @ 1.48   before that I was buying at 1.50 and selling 1.54 - 1.58 Before that I was a long fromt th e 6 cent days too but beginning of year sold off and went to day trade wing trade mode. The crash is coming and oil stocks alway gets hit hard. Thats just me. My cash is off the table mostly ...more  
Comment by masfortuna on May 09, 2022 8:33am
Great! Have fun with that. Personally if you are going to risk a trade, and your capital for 2%, why not something with a higher beta? 
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