That describes the entire industry, not just UPL. UPL is a little better because their cost of production is sooo low, but yes, the inevitable has caught up with the industry.
Never thought I would buy back in so fast. Sold at $5.90 just 2 days ago. A 14% discount. This market moves very fast. Of couse the stock could go to $3 if it breaks under $5. Doubtful. EPE has the best hedging program in the business and management is smart. We shall see.
You should never live through an 88% loss. Not smart. I wish you luck, though you must know that this is a long shot.. I hope your horse comes in. This is gambling, not investing, you do know that?
One more comment, though I have taken numerous hits this year my loss limit stategy has saved me from utter and complete destruction.
I am back to almost breakeven this year. Cosidering that I am mostly an energy investor I can't be too stupid. I expect to be up about 20% by year end. Unfortunately the commodity itself is in trouble but some of the surrounding industrries appear to be way oversold (IMHO).
No expansion leads to no stock growth. It's up or out in business in general. As it is there is plenty of cash here (IMHO).
Should give STNG a floor in case of a market slam down. Also a boost if the market goes the other way. Either way, it nice to have material money available to gobble up oversold stock. With less shares out there and income going up we might even see a dividend increase next quarter. As it is the yield is now 5.7% at this price level. Low oil prices are good for this stock. The market will figure this out..
Irrational exuberance. I sold my TNK today for a quick 16% profit. The correction may or may not be over. The market pullback should not be unexpected. The day of investing to make money may be almost over. Traders with algorithms and powerfull hedge funds that control stocks are in. I still have UPL on my radar, but the hedge funds may not be quite done with it yet..
I don't like SDRL. I don't like its management or its business model. But I think you made a mistake today by shorting one time too many.
Looks like my purchase of TNK yesterday at $5.18 is looking good now. So were my calls about UPL going up today and about the market going up significantly today. Just let me know if you want other trade ideas.