Hard to say. It (gold and energy) is a fad thing<g>.
I bought XEC at a pretty high price, and now hold for close to 2 month, up only <$2, and was down $5-6/sh once, looks like a dog to me<g>. This is the price to pay for buying ATH price stock, I guess. No more for me, almost always ended up holding the bags. EGY is the same thing, I bought it at $4.88, luckily, only bought 500 sh. As soon as I can break even, I will get out. It sure looks like a trading stock and I wish I knew it earlier<g>. Possibly have to wait for another month or so.
And if were not Cramer hyping XEC, I might still be in red after 2 months. The recent run in EGY also thanks to Cramer<g>. He was recommending it in his email
BVN, looks like a trading stock to me too<g>. I played it from both side, get more profit than holding it straight. From the day you mentioned it 2 weeks ago, it was $31, and now, still is<g>. It is a value play only for the people who bought it at $25 |
