Totally expected, it was way overbought and flying high. Pullback was imminent.Looks like BORR is getting ready to hit my stop loss.
EDIT. BORR hit my stop loss. Feels good to pull 30% off that one. Held that one for a long time.
Yea, I thought about holding onto it see if it would pull back then shoot back up, which it did but I have held that one from being 30% down and was like I am going to take what I can get on this one and be done.Totally expected, it was way overbought and flying high. Pullback was imminent.
And good job on the profits
Funny how Biden says we're going to ban all Russian oil imports and every oil stock immediately takes a dump.
No manipulation to be seen here... move along
Exactly what I did with CEI too. I don't trust it one bit.Yea, I thought about holding onto it see if it would pull back then shoot back up, which it did but I have held that one from being 30% down and was like I am going to take what I can get on this one and be done.
Nope let all the talking heads keep parroting their BS like we rely on Russian oil.Russia oil only accounts for 2% of US consumption and much of that is often inconsistent supply and is crude oil.
I’m sitting on 4,000 shares. Bought in at 5¢. Do you think it’s going to keep going before she falls? Personally, im holding.All I can say is, somebody knows something about PGAS. average daily volume is 168K shares. Its been doing over a million the last 6 days and 2 hours into today is at 2.78 million
Wish I would've sold this morning at 1.95. I could've escaped with a bit of profit. Alas, here I am. Hopefully it makes another run before the madness sets in.Exactly what I did with CEI too. I don't trust it one bit.
Have other countries followed suit? Doesn't Europe pull a lot of oil from Russia?Nope let all the talking heads keep parroting their BS like we rely on Russian oil.
Have other countries followed suit? Doesn't Europe pull a lot of oil from Russia?
If so and they follow, it will put more demand on less supply which will raise the prices across the world. Even at the low percent we get from Russia, not importing from them increases our reliance on less suppliers. Its going to have an effect, but to what level is yet to be seen.
Negative oil prices to the highest fuel costs we have ever seen in less than 2 years. ****, we need to drill at home.They've committed to reduce their buying by 2/3, over the next year....
I’m sitting on 4,000 shares. Bought in at 5¢. Do you think it’s going to keep going before she falls? Personally, im holding.
Im in that boat with youWish I would've sold this morning at 1.95. I could've escaped with a bit of profit. Alas, here I am. Hopefully it makes another run before the madness sets in.
If you guys are talking GTE, relax fellas. You've come a long way.Im in that boat with you
FJB
I was talking cei. I chickened out a while back and took 25% on gte.If you guys are talking GTE, relax fellas. You've come a long way.
She hit 2.02 this morning, things really haven't changed other than MM's trying to scare folks into panicking. That, and Brent oil is still in the stratosphere and GTE is making serious bank on every barrel.
Most all O&G got the shakedown treatment today, disgusting, but not that surprising.
I'm holding 50K of PGAS since the last big run where I sold for profit (March '21?) I bought in at .08, but my broker recorded at .11. 'Pissed' is putting it mildly. I called TD about it, no wash sale or reason for the bogus buy-in #.
I'd like to hold for .30, need to catch up on DD.
As always, my thoughts only do your DD.....
Same here lol.I never would’ve seen GTE if it wasn’t for this thread.
Didn’t do any research, just threw down some cash and I’m up 27% in a week. Thanks guys!