This board has obviously not been active for the past four months, at least. As energy stocks have suffered, so has it been with the energy services area. A long-time energy buff, it is time for me to revisit some of the plundered offerings.
This morning I started a position in HLX on the say-so of a trusted board friend. On all boards in which I'm active, I post the depth of my positions as well as cost basis. This is to help others who may be new to an offering.
At this moment I hold 200 shares of HLX with a cost basis of $4.775. Normally I start positions with a greater number of shares but I need to learn more about this company before sticking my neck out. Extremely important to me as well is the nature of its trading history. You can be sure I'll be examining fluctuations in daily trading as volumetrics loom large in my investing style.
I'll also be studying charts, especially in light of where some of my other energy-related plays move. This is to better understand developing patterns in trading as they correlate to the broader energy sector. Synchrony can tell us a lot about a stock that may or may not have much in common with others in the same arena. In this particular instance, I'll be watching to see how MDR and HLX match up, as both are in the services area yet each is somewhat unique unto itself.
It is too early for me to recommend this pick as I've got much to learn about it, myself. However, should any of my board friends see fit to join me in this ride, I hope you will do so prudently, building your positions cautiously. You can be sure of this much:
I always disclose my buy and sell points in advance of or simultaneously with my trading actions. I'm a retail investor, same as most here, and, as such, I hardly move markets. However, I sometimes indulge in thinly traded stock picks and even a 10,000 share trade will sometimes attracts attention. Couple this with a handful of my IHUB "followers" and you can see how a company's market can be influenced, even if just momentarily.
Looking forward to a pleasantly profitable association with friends new and old (but you won't be older than I am!), I am
Jugs
