No panic here folks! I don't want to be that silly man who sells everything at the first moment of pause... But yea things feel like they have run their course here don't they?
A dime a dozen. Kid on Reddit bought $400 worth of UNP calls for $.01, sold like $9 each. BA calls 900% overnight. Is 500% < 900%
Oil at $80 but the Cdn stocks are slightly down today a strange dynamic; TSX a lot of random profit taking today. Tonight, Baytex blew earnings out of the water the sell off since the Ranger Oil acquisition was absurd numbers confirmed it today. Basically matched Crescent Point but the stock is under $5 Cdn ( down from $9 Cdn ). Baytex also has a stronger reserves portfolio then Crescent Point. I like both. I made Crescent Point a base holding this week ( been trading it since $8.80 Cdn ), and added to the position on the drop today. Also rebought Whitecap Resources today and sold Athabaska earlier in the week at $3.52 Cdn. They both had decent numbers but Athabaska had made a huge move and the profit taking was expected on the report ( this occurs most reports ). I'm looking for Athabaska to make a short term floor, for Whitecap to show some new momentum, and I may add even more Baytex if it doesn't gap up immediately. In any strong Oil scenario, they are all poised to rally off of solid to strong earnings at much lower Oil prices.
Hahahaha. Yeah I know. Stoney calls out these stocks like like a drunk carnival barker at the dogtrack selling tipsheets... and when one comes in... whatever That's why I've given up on the thread. There's a huge difference between luck and skill. XPEV @ $10? Check the other 40 stocks he barked out that week. I'm sure plenty have been chopped in half. But XPEV doubled so... "look at me, look at me!!!" You didn't hear a peep when it was down over 20% a month later. Stoney you made that post on April 19th. There's only one post from that date that matters, and it was written ONE MONTH IN ADVANCE BEFORE IT HAPPENED, and 100% against the mantra at the time. ... pretty sage eh? The readers could have thrown a dart and bought anything. When you can do that... then you can brag. >>> You're welcome.