Hi cjan,
a stock is a great investment at the right price at the right price. Looking at Fib retracement, the targets are 27 cents then 25 cents. If I am wrong, here is the chart:
Other 2 charts show an overlay for comparison:
If the price of oil/gas shoots up to $70, $80, $100 and beyond... then Byron could follow. On another hand, if the price of oil/gas tanks as I explained in the earlier post, then it will typically hurt the stock price. I cannot predict the share prices and I don't have a crystal ball. I simply assign up/down probability as 80% down & 20% up. I am merely observing a number of energy stocks including BYE, WPL, Oil Search and Beach. After they drop along with oil/gas prices I may consider all of them in my portfolio; looking at new information and new market conditions. Hope this explains.
