The WLT energy story just is amazing to me. YOU CANNOT BLAME IT ON NATTY SHALE RESERVES! That cat was outta the bag in May 2011, but they bid it over 140. Now it $10. There is now one significant thing that has changed fundamentally from then to now. Nothing new in shale plays, or gas in storage issues.
If you ever had a doubt how ignorant those hedge funds and people up there on wall street are, just look at that chart. Naw I'm not saying anything about TA here, that stock was trending up until it blew off. What I am saying is that the big money is so dumb they can't price something right between 140 and 10. The fundamentals were the same and the outlook the same. Everything could have been priced in in May 2011 to the extent there was some risk in the stock (which there obviously was)
Edited by viccarter, 24 June 2013 - 05:01 PM.