My long energy trade worked out quite well as ESTE is currently at $26.50 - up 22% on the day. But I am selling out of all of my ESTE position because they have announced a merger with a much larger private company. I don't know much about this other company and therefore I would be foolish to keep holding. I have been trading ESTE - (formerly BSIC) for many years - buying the dips and selling the rips - but I fear this will be my last trade on this one.
Senior Manager, Paul Saad and Associates, LLC