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EXCO Resources Inc. Message Board

  • seadreams1956 seadreams1956 Jun 5, 2014 10:22 AM Flag

    if I had neils money

    I would buy 50,000 shares each afternoon and sell all each morning. 2% return per day. 5,000 a day, 25000 a week.

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    • I have traded XCO (at times) like you suggest that Neil should above. I've bought and sold ~2.5 million shares in the last 26 months. I still hold ~ 150K shares, with a cost basis averaging $5.70 or so. The strategy you mention above has worked well in a declining and volatile price action of recent years with XCO. I do think Neil and patient investors are telling us the proper thing to do now, at these very low levels, is to buy and hold. I've traded often for a 2-3% gain, but in the end you need to get a larger return than that at some point. You also pay more taxes doing it my way. I do benefit from the panic of some investors that throw in the towel and sell at these low prices. I can't understand why there are not more smart buyers like Neil and Patient d. I just shifted some funds around, and will buy another 110K of XCO next week, if pricing tests the $5.05 level.

    • First there is a difference between the buy and ask. As soon as I buy I am 1 cent behind. Second the past is not necessarily indicative of future trading patterns. Third if you play the game for pennies you have to end up a loser because you sell for a small profit but each time risk losing a large sum. Finally I can't trade just this one stock all day.

 
XCO
0.8557-0.1743(-16.92%)Jul 2 4:05 PMEDT