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Baytex Energy Corp. Message Board

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  • ch4_tycoon ch4_tycoon Dec 5, 2008 10:16 AM Flag

    20% divvie doesn't help my 50% drop

    aw, come on bob, it isn't that bad. you have just capitulated...thrown up your hands and professed defeat.

    do you think this scenario hasn't played out many, many times before? each time.."this is the BIG ONE"..we aren't every gonna recover, and yet we do.

    i do not doubt there will be changes, some probably substantial, but that is part of growing.

    hopefully you have some dry powder if you are an investor and can take advantage of this situation. for the foreseeable time i recommend short term trades...get in get out deals. I am seeing an opportunity coming in BTE at hand.

    all IMHO. good luck

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    • I think what Bob is getting at is the domination of the market by the "Big Money" which whipsaws the small investor until he/she can't take the roller coaster. I agree with Bob. This isn't investing anymore. This is like being at a Vegas craps table. Fundamentals? Don't mean a damn thing to share price. Technicals? Largely irrelevant to the "fast money" types. Buy n hold? Largely impossible to use now that the con artists and whores are running things.


    • to many scandals following on from one another I think trust will never fully recover. Bankers corrupt President corrupt Aig corrupt Brokers corrupt does anyone really believe it will get any better or people faith in the system will recover. Paulson when he was with GS looked for leverage up to 40 times God help us. Bush used war in Iraq to enrich his friends (Haliburton)it will take a miracle for OLbama to fix the damage.

      • 2 Replies to mjjcffree
      • I think Bernie Madloff just put a $50 billion dent in the wealthy class as well. Global economies are returning to fundamentals and away from financial engineering. Our fundamentals are not so good. Our school system is horrid, capital structures in demise, production base eviscerated, labor force aging and our work ethic pales in comparison to that of China and elsewhere. Its going to be a different world!

5.23-0.15(-2.79%)Jul 22 4:02 PMEDT