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Encana Corporation Message Board

  • lawsof7 lawsof7 Oct 5, 2005 10:37 AM Flag

    I am out.

    Sold my ECA. Good luck, may get back in later.

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    • You will notice my post is a reply to when I sold. There are some good people on this board and I wish you the best of luck. There has been many rumors of gasoline demand destruction. IMO this will follow into other energies, that is why there is a sell off going on. SUV's are tanking in value, I am a Real Estate agent and I have customers telling me they want to look at houses with electric heat instead of NG. Yes, I could be wrong, but I see lots of investors talking about how they are getting such a great deal at these discounted prices from the high even though energy has been tanking daily. Sounds kind of familiar to the bursting of a bubble a few years ago when retail investors chased all the way down and lost a ton of money. My price target where I will consider getting back in is around $30-$35. Go ahead and bash. I will post when I get back in. Best of luck to you all, I have taken all my profits in energy and am completely out of it for now.


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