Already down 10%....
It is a bad moment to be sure--but this one has already sunk so low, that you can look forward to some good things--at least that is how it appears to me.
Buy when everyone is selling . Stop trying to pick the bottom tick.
I've become bearish on the whole oil patch, in part b/c today's 3$ drop in crude was something of a shocker. At the moment I'm not inclined to sell my tiny positions in tplm or pgh, but neither am I adding to them.
luck to all
Why bearish all of a sudden?
If there is general market weakness, junior oil stocks tend to suffer the most. The 31/12 may be a major market top so we may have a way to go yet and an opportunity to buy at better prices.
Sentiment: Strong Buy
average in...keep accumulating if you can. Never go all in on one shot.