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Re: WallStreetRocker post# 1620

Wednesday, 10/07/2015 11:02:09 AM

Wednesday, October 07, 2015 11:02:09 AM

Post# of 1887
Not I, on the subject of RIG. I played it about a dozen years ago but not recently. And I'm not one to get too close to stocks that showing hugely controversial personality unless I've figured something out on my own and move to get the jump on everyone else. And I can tell you this---I just looked up the short side and find it is incredibly shorted to the tune of more than 32%!!! I don't think I've ever seen anything like that. I won't get near it.

I'm watching NTI right now and will be a buyer at $24. CVRR @ $19.50. ALDW @ $24.50.

These are approximate numbers. Also, I'll be buying in bundles of no more than 200 units unless the dip is well below my designated price points. Even then, I'll be buying carefully as any number of things can rock the market in general and the oil sector specifically. In other words, I don't want to find my enthusiasm emptying my wallet. Better to contain emotions, right?