It is mind boggling that you allegedly keep adding if this is tanking. I understand buy when there is fear, but this is beyond fear. You literally are taken out the equation that the incurred company costs has increased to stay afloat, and with the interest rates higher for borrowing is not promising thinking 2 years ahead. I thought surely this could overcome after the QE report but look at Crude and Brent surging on 2 sessions past month and EOX has not responded to the energy uptrend, and is in a clear reversal pattern from chart perspective. It is hard to justify to hold when the energy sector has maintained above $50 levels and EOX along with other small cap oil US companies are in a spiral trend. I wanted to be as optimistic as you are but you really have to look at the charts and all major support levels are getting taken out. Not just taking out, but new lower lows on a daily basis. I believe you are wrong this time oilin07 and have to adjust and face defeat. The key to making money in this market is adapting to change and cut losses quickly. It must be hard how you are down 30% to 40% if you were adding to position as you have stated, buying between $1.12 to low $0.90's. It is pretty hard to comprehend how you are averaging up when it daily is going down. Good luck anyway and hope this turns for the better.
News 
Market Data 
Discover 
