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Baytex Energy Corp. Message Board

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  • bglesne bglesne Aug 16, 2007 11:16 AM Flag

    The Atlantic getting active

    there is obvious exposure to this group by someone who needs to liquidate and liquidate fast. that means that there can be no bottom or money made long til either the fear disapates or the seller quits unloading. i don't think you can pinpoint either of those activities. i'm not planning on quick bucks any more. I'm buying it down now: 16.95 then 15.6. It's painful to watch but as an income play I feel lucky to buy it here. I'll scrape more money together if it gets lower. Just don't leverage yourself to buy until you see it start to bounce. I don't think it should go below 15, but anything can happen in a market like this.

 
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