I have a handful of oppies and as Kiwi says, I will sell oppies to convert oppies. The time to sell them is when the SP has risen the most to maximise my leverage whilst retaining sufficient time to complete the conversion. That’s not now. So no, your assumption couldn’t really be more wrong. You’ll get there, at least you’re thinking through the issue.
JPMorgan Sees ‘Stratospheric’ $380 Oil, page-95
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