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Enduro Royalty Trust Message Board

  • bighairybutt bighairybutt Sep 28, 2013 9:52 PM Flag

    If you bought Friday you will definitely see a profit in the near future

    However, if you own this above $15 it could prove difficult to regain that level for a while depending on distributions. I bought heavily at $12.50 because the 3 and 14 day rsi's on this are at levels you rarely ever see EXCEPT FROM SEVERE LIQUIDATION PRESSURE such as we saw in 2008/09 when levered funds were force liquidating their positions. There is really nothing wrong with this trust especially at these prices, but it's going to take some time to rebuild. I will say that the seller that created this meltdown should be horsewhipped and anyone hurt should write the trust and express outrage. I feel for the holders blindsided by this, this is truly outrageous.

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