huntaholic123
WKR
Let me start off by saying I am far from an expert and this is my personal opinion on CDEV. As I have stated throughout this thread I do hold shares and am holding long, to be clear. I also hold CPE, FET, and OXY. I was tipped off to CDEV by Broomd and am very appreciative. Drug my feet and didn't get in until .44 rather than the .27 I was watching. Still kicking myself on that one. I set a goal of holding this stock until $3 as long as nothing detrimental appeared through my research and following of the company. If and when it does reach $3 I will determine my new benchmark of holding or if I want to make a sale and reinvest elsewhere. I haven't seen anything through the earning report or conference call that has me concerned. With it being an election year I doubt the current administration allows many companies to file bankruptcy. With such volatile stocks right now it is important to set goals/expectations. Make sure you can handle it in the red and green. This market isn't for the light hearted. Best of luck to all and hope everyone makes money in the end. Again thank you Broomd for the insight. It is very appreciated. Feel free to PM me anytime if you have any others you would care to share. Cheers everyone!Who knows, it’s truly a gamble. Based off of earnings and the conference call it’s going to be a while unless the stock gets pumped again by manipulators. I do think they’ll survive and I do think the price will be $3+, but how long will it take? If and when it drops back into the .50’s or lower I’ll buy back in. Until then, I’ll sleep easier not seeing 20% swings in a single day.
I hope the hold works for you. You did get in at a low price, so that goes in your favor for sure. I’m not willing to hold the bag though. If the water deal falls through the price will be right back down to .30....
In the meantime I’m hoping prices drop to the .50s or lower before the 15th. If so, I’m in again at a lower cost, if not, oh well.
