Replies to post #40630 on A.I.M. Users Bulletin Board (AIMUSERS)

[jaiml]

Hi Steve,

kudos to you for sticking with AXAS. It takes a lot of guts and conviction. What a ride...

I sold out of EGY last year and decided to play the O&G sector via PDCE (they are better hedged against low oil prices) and CNQ (on the Canadian side - a good proxy for Canadian oil). I figured I would be able to stay the course with these two than with others. So far so good.

Out of curiosity, how do you calculate the next sell to be 1.85? is that to meet a certain minimum trading amount? A move from 1.4 to 1.85 would trigger a very big sell, no?

[Firebird400]

Hi Steve, AXAS
Congrats on the sell! Great job! Easier to sleep at night with somebody else's money in your account... Grin...

[Firebird400]

Hi Steve,
LEE keeping me busy over here... Hit $2.43 on Monday and was sitting at $1.95 a minute ago... Swinging for the fences now, Grin... Ooops... Now $1.8801... Time to buy'em back... Profit from your ideas!