At this point I have a very sizeable paper los in MCP as I'm sure a lot of you do as well. One difference I see is that I blame no one but myself. I alone made the decision to buy and continue buying until the last secondary. I am not happy with MCP's management or the underwriters or the market makers or the short sellers, but they did not make me buy or hold this stock. THE RESPONSIBILITY IS MINE AND MINE ALONE. I read these posters whining about the rich Wall Street types in their Manhattan offices taking advantage of the little guys. I doubt if there is a single one of you who wouldn't trade places with them in a heartbeat. There is whining and blaming the short sellers. Who made more money on MCP over the last 2 years, the Longs or the Shorts? I personally take my hat off to them because I will admit that they have been shrewder than me in this case. MAN UP PEOPLE AND FACE REALITY!
And posting ANYTHING on this message board doesn't change a thing other than to expose your market awareness (or lack thereof). There is WAY too much wishful thinking and baseless pumping here.
The ONLY thing that will substantially raise the price of this stock is a string of strong revenue & earnings increases. Until that happens, I don't care how much the Chinese or anyone else buys, MCP is going to be stuck in mid single digits.
Did you really just say..."I believe this stock could easily go back to 40 in the near term."??? Perhaps you haven't been paying real close attention the last year or so. Or perhaps you're just separating from REALITY.
This is your THIRD post in one day to say the same thing. Who are you trying to convince? YOURSELF???
Are you SERIOUSLY saying that by mid to late January "you'll have missed at least a buck-fifty recovery".....?? REALLY?
Isn't North Korea's "Dear Leader" the same guy that had 5 holes-in-one the first time he played golf?
"This is from a couple years ago- but it's too good not to post. North Korean leader, Kim Jong-il is the best golfer in the world, hands down. On his first ever trip to the golf course, he shot 38-under par, including 5 hole-in-ones! This is reported by the government controlled media. He routinely shoots 3 or 4 hole-in-ones every time out."
I think you will find that LINE, LNCO & even BRY would be considered as substantially the same security. Is it really worth it to take that chance? I think not. If I were in your shoes I would reconsider that decision.
The Chinese don't factor into global supply. Did you just honestly say that??? THEY ONLY CONTROL THE WORLD'S SUPPLY!!!
Boris, I TOTALLY agree. LINE was $42+ over a year ago before any of this happened. Today it is a much stronger, oilier company with a higher payout paid monthly with or without BRY. This merger can only improve on that. GLTA Longs.