Anybody beside me? Admit that I am - I am a long term investor and bought WLT as high as $75. Over the course of past few month, I could only manage to average it down to barely $40. I believe many of you are on the same boat?
what's wrong with that? Lots of long folks like me didn't feel like posting because the board has been flooded with nonsense trash scaring tactics from shorts. There is no correlation between when he bought stocks and when he became a board member.
I need a stock to drop by about 80% percent before I even look at it so this did not happen to me. But I did buy at about 20. At the bottom ofcourse I panicked (and had to obviously buy more which is what you are supposed to do). It will be ok. Also own clf jrcc aci btu anr mtl yzc. All are good because Obama will destroy the industry and natural gas is a killer too. But ofcourse in markets what is bad is actually good (as you know).
Absolutely, few have just stepped on to the scene and at best averaged down from higher SP positions--that are still under water. The magnitude and rapidity of this decline is indicative of a powerful, cooperative, big bank/fund short position. WS at it finest or worst. Same institutions will run it up just as fast and crazy. Patience.