Told you so.
Is that what today's statement is saying? Leveling off but going down still. Am I wrong?
Same here. My loss was about the same. BAS Is trouble long or short. I moved on to trading ONVO and USLV. Will look to reenter BAS long below 10...But not higher. About 10, it's going to be squirrelly.
BAS had another good day. But you were right to sell on the news. BAS will hit 10....just not today, tomorrow, or this week. Oil will need to see $60 and we are not there yet. After I close out my short position, I will gladly go long once again.
Unfortunately, BAS has alot of short positions that exited this week. They will jump back in on the short unfortunately. But then you will have a chance to squeeze them again.
I totally agree with you. BAS just is not worth $10 until the revenue decline levels out.