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Strategies & Market Trends : Strictly: Drilling II
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To: isopatch who wrote (27898)2/10/2003 2:29:55 PM
From: ItsAllCyclical  Read Replies (2) of 36161
 
Re: RRI. If I didn't have a position already I'd be a net buyer not a net seller at these levels. For those who bought purely for a trade above 4, sure a stop loss should have been used. For those who are buying 2+ years out the fundamental story has not changed.

Most of the traders I tracked that picked up RRI sub 2 sold in the high 2's low to mid 3's. Have seen very few trade it successfully multiple times during this recent run. That's why the bulk of my shares are LTBH.
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