Hey guys I would like to know what you honestly think about BPH/BUY.
I have a lot of money in BUY and it has gone up over 100% and I am still holding.
However I don't have an exit point defined and this is worrying me because that's just bad trading habits.
If i look at the historical chart it has gone as high as 14c before but I have my doubts it will reach that high again. However this market is not rational at the moment and all these people spending their super makes me think it could do anything.
If it hit 6c that would be a 10x increase in my original stake and that would be amazing for me.
I guess what I am asking is how should I calculate an exit point that makes me the most money but also has the smallest chance of me losing gains or selling out early? I am not a chartist but I would be willing to take advice from one but I know I have a steep learning curve before I am any good.
Similar question with BPH however I am not as comfortably in the green with them and I havnt looked into their financials as deeply as I have BUY.
This is all assuming that drilling gets approved and assuming they hit gas. I know that if they dont get approval I am holding trash. Also if they drill and dont hit gas the stocks are next to worthless.
I hope you all have a great weekend, mine looks shot to hell cause I have picked up what I hope to be a minor cold. If it's the Rona then I am probably done for
