@beekay...you holding ERII?
Not true in my case..I took a big loss on half the position last year, which wiped out my gains to the penny. What is left, I've written off. If the make it, great..if not, I don't care.
My trade is as follows...I own 28,000 shares at about double where it currently trades. I'm prepared at some point to double down, but not yet. Due to my health, this is nothing but gambling..I've accepted this. If I lose it all, I lose it all.
HK is in survival mode...that's it. Really, nothing else matters. I'm not saying Floyd isn't trying to do what he can. No one predicted the oil crash, and he also made some bad calls on top of this. At the end of the day it is likely 50/50 at best this company survives. Many things need to happen perfectly for HK to come out of this.
I don't think it will occur.
I'm going to short it.
Maybe...maybe not. At this point the stock is a massive gamble, and they're not the only one. I figure the stock to go below a dollar. They're doing what they can....oil has to go up, and no one knows if it will.
It's pretty much that simple.