Those know-it-all bozos David Faber and Jim Cramer expressed extreme selling sentiment when HP bottomed at less than $12 last Fall and now it is double the price. I don't under estimate how low BTU can go but started to buy a few shares at these prices, especially when Cramer says sell! :)
He really has become a contrarian indicator. CNBC already wringing their hands about the small correction in the SPY. I remember when Jon Najarian thought WLT and BTU where screaming buys near their highs. Now they love TSLA which is never going down as far as their concerned. Everyone knows how that will end when the music stops or should I say when the momentum traders exit.
This stock could go A LOT lower. But, I am buying feverishly at these levels. If it stays below 20, I will be buying another chunk next week. I just can't pass up these prices, no matter what anyone says. Have fun!