If I believed you guys, I would triple up right now while the price is so low. However if enough people believed what you say, why aren't they snapping up all they can? There is a lot of doubt about this company, that's why.
I never said "all" the institutions own it. I reread my message to make sure because I didn't say that. The point was the 118% of all the shares. Look at the major holders page.
My point is, where are the buyers going to come from to make the stock go up. When everyone is in the stock market, it is ready for a big fall. I think this applies to SUNE. I hope I'm wrong because I'm down a bunch because of a certain pompous so-called energy guru that think is knows everything and is wrong on most of his predictions.
Look at the major holder page and check how many shares funds and institutions own. It says 118% of all shares! How is that possible?
Another thing. How is the stock going to rise when so many funds own all these shares? The little guy isn't going to move this stock so where is the demand going to come from? I have a sneaky suspicion they would all love to get out even so as soon as it starts moving up, there will be a lot of downward pressure on the price.
Tell me this isn't going a lot higher. How many times have you heard to buy low and sell high? The thing is, I've seen what happens when they cut back on production. Why is it that when things are down, everyone thinks it will stay down. OIL will not stay down. Contrary to what some people believe oil is going back up. Only the rhetoric of the shorts want people to believe it isn't. I'm 72 years old and I've seen this many times over the years. You can't follow the herd. I think investors need to go back and see what BBEP did during the 2008 downturn.
I live in the Phoenix area and I remember when I had to wait in line to get gasoline and they would only let me have 10 gallons. I'm sure some of you remember that. I have a sneaky suspicion we are going to see the same thing soon. Then watch the prices soar. This will save a lot of oil companies. BBEP included. I feel this is a strong buy right now even as I type this and it being up 77%.
this company still looks solid even if the stock is under a buck. This could be the buy of a lifetime since it looks like they could go a long time with low oil prices.