My MHR experience shaped my strategy as an experience long term investor
This stock has been a little bit of a roller coaster but one that a first time investor such as my self must endure to develop a strategy when the shorts have beat the stock down. Over a year and a half ago, I was just coming into the stock market as a noob because I made a decision at the age of 27 to generate some extra income to my engineering salary in hope to one day I may retire earlier than expected. I knew at the time of buyin chips in MHR was a point when the dow was at 10K and I seen the rebound come in which here we are today bouncing around 15k. In addition to that foresight, I also understood that we were just breaking the surface of international trade with one permit from Chenier energy so I have the foresight to seeing this go big scale such as a country like QATAR, which is one of the richest in the world due to their natural resources, and considering this country has 15x more shale than the whole middle east combine, seemed the stars were aligning which prompted me to ante up. So as I was watching cnbc one evening, I'm going to say it, CRAMMER..doing what he does best pumping this stock which turned around and pumped all of us. There were many emotions and sleepless nights to think all this time I've been saving money is going out the window. Fast forward to the recent months where stock bottomed out and I purchased another round which lowered my overall cost basis to about 5 per share, which is a much better position to foresee profit. Now again, buying another round of shares which has again lowered my cost basis to a little over 4 per share. Now in a comfortable position to see some returns after the shorts have done their jobs and screwed the stock. I am looking forward to MHR to monetize their pipeline and help clear up the balance sheets so these shorts can finally bend over and take this pipeline up there broke #$%$ while there is potential to see 6$ in the near future, I will make 50 percent off my money. Longs will prevail!!!
I totally endorse your strategy. Considering how young you are, it is even more impressive. Now relax and wait a year to confirm your beliefs. DON'T AVERAGE DOWN ANY MORE. ONLY AVERAGE UP FROM HERE ON OUT. Remember Gary has tipped his hand that this company will be sold. IMO it won't be more than a 5 year wait from now and should achieve a multiple of the current price. Also expect him to split the company in two sometime in the next 12 months.