This stock went from 20 to 50, in one year, the last time it blasted off to space. The way I see it, buying in the 20s is fine if you plan on selling in the 40s. Yet, if you are just looking to make a quick buck or two. . . I'm in it for the long-haul. Even the options I AM NOW BUYING are for over a year in duration. Whatever the case, you would have had a double on your hands if you had bought this in the teens. . . Calling 19.95 the teens is simply LAUGHABLE. Round it off and you have 20, not the TEENS JOE! But, hey, have fun! Chow.
I just ramble on this board, anyhow. On any of the other boards I have purchased stock on. . . Oh Lord, help us all! I don't write on those boards, because those guys or gals can't even hold a logical conversation. I bought TSLA in the 40s. . . I NEVER IN A MILLION YEARS EVER THOUGHT I WOULD BE SELLING A FEW MONTHS LATER IN THE 100s. I'll take my double! If I don't lose money, it means I have made some. That is all fine with me. I'd rather win a football game by one point, than lose by 100. But, I could care a less if I win by 1 or 100. A win is a win! If you get all into HOW MUCH YOU WIN by you will eventually LOSE. I'm not into winning. . . I'm into rambling. . . ha ha ha! Have fun!
IMO, you got lucky getting back in without paying a premium. One misstep trying to scalp a few dimes could be very expensive. Not preaching, just speaking from experience. Today, may be case in point if the premarket is an indicator. GLTA
Understood, History. Timing the market is a fool's endeavor and I'm probably guilty of it. This time I may have been lucky. My previous basis was low enough to harvest a very decent gain in a tax-deferred account.
This time I bought a smaller holding and won't have as much exposure as I did before.
In either case - Good Luck and Cheer to you and fellow BTU Longs,