Jim,
As a Zen investor, I alllow no hope or belief in my trading practices. Hope and belief are very dangerous emotions, almost as bad as greed and fear. I don't know what an administrative law judge can or will (or can't or won't) do. I don't go there.
Further, I don't predict the future, I simply try to analyze the present and discern trends, hoping to make enough correct decisions based on probabilities and trends to come out on top (and sleep during the process). (NBR and PTEN's trends are down, I'm short those names and positive 3% and 4%, respectively. When their trend reverses, I'll cover and perhaps go long.)
For EP the trend is down (hard) and the stock hasn't bottomed (yet). Please return and consult the Oracle tomorrow. Those who bought the bounce 10 (trading) days ago and sold it 6 days ago are happy, those who bought the bounce 7 days ago and sold it 2 days ago are sad. Those who bought the bottom in this stock 3 days ago, 2 days ago, and yesterday are sad.
If today turns out to be a new bottom at $4.40 (briefly) then there will likely be a retest on lower volume and plenty of time to get onto the EP train for the real ride north (say, north of $10). Rushing in is what got people long EP a few days ago at $7 and $8 a share, just in time to have their positions cut in half.
JMHO,
Kb |
