Slider,
Rather lucky than good indeed and RRC was not a bad place to be, I am glad I wasn't in MEXP. While I did buy some of that a couple months ago I could never see the strength in the charts for it. Pennies make me nervous and any stock under 4 bucks is a penny to me. BTW I can easily see the TA AND logic behind your change of mind, yet sometimes the tape speaks louder than both...
With NG making a Perot like sucking sound to the south I sold some RRC shares bought for 4 3/4 at 5 1/4. I will be joining you getting in again around 5 or lower, its just that I thought it would stall today and retrace. If I miss a run up, which does not seem imminent this week (next week different story), no problem, I still have plenty RRC shares. Its not that I want the 1/2 so bad, though I will always trade for it if I see it there like a silver dollar on the sidewalk, but I had a little play to do in another sector dear to my trading heart.
The price pressure put on by the drop in oil and NG prices today was a match for much negative sentiment played in the papers/news. I believe someone is trying to put up a firewall to keep energy prices contained a bit. RRC held up rather well as did a number of other OSX stocks. We will see shortly which way this divergence between OSX and
oil/NG prices goes.
O/T
Seeing you burned in effigy, so to speak, on MEXP and RRC boards has educated me fully to the risks of posting on Yahoo. Methinks I will not venture to cast any pearls amongst the Yahoo "swine" again, "lest they turn and rend you". No insult to all the good posters there, but the biblical analogy holds true, from your example I am through with posting on Yahoo. I just can't see the profit in doing it.
Best Regards,
Roebear |
