BAS, HCLP, APC, CHK, COP…let’s be clear here, if it has to do with energy extraction, it is running hot and long. The natural gas plays are especially sweet here, and BAS and HCLP are making you rich, if you’ve been playing with me.
On Friday HCLP and BAS both bleed out and I was worried. But today, they’re right back where they started and there’s not a cloud in the sky.
If this keeps up, it will just be a matter of time before the major publications, scared of looking out of the loop, start putting out pieces declaring natural gas to be “in”, flooding small money retiree accounts and speculative, low-information traders into the sector.
I’m not missing out on the excessive gains this time. My trades tend to be wildly profitable anyway, but I can’t help but notice that just after I check the door, that’s when the really stupid offers start coming in. Why it happened in RGR just last year.
This time around, I will be the recipient of my 12X PE stock getting bid to 40X FPE stupid levels by your local college Bachelor of Arts student, making investment decisions with his tuition money based off Motley Fool articles. I’m so deep in profits on these positions and the story is so good, it’s just worth my time to wait.
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I can only repeat-You get and own this run
CCJ on the move again