Today's drop was too much, yes IT COULD still drop a bit more, and then it will be WAY too much. I say don't go crazy, but you should pick up something here at this price- the potential for future profit is just too hard to resist. There is plenty of upside to think this will rebound
well punk ask yourself, it is only justified if the market says so. We have a person here Norris who says that the market is vey efficient in what it does. So I guess the efficiency of this drop is justified. The market always looks forwards not backwards.
The market runs on fear and greed.
Today fear won.
Tomorrow, we will find out.
All the SEC did, was ask for info,
No investigation as of today.
Tomorrow, a different day.
(I am long in BBEP, took it on the chin today also)
That is the weird thing about the SEC. No one is questing the GAAP statements inclusive of the SEC.
It would have to be something other than the puts but that seems to be what they are looking at. Nor could the puts be grossly over the future strip price given what the average reported hedge price was as reported.
Political attack now. Still LINE under $27? Yep. But average in as these attack is not run of the mill.