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.
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Paul SaadSenior Manager, Paul Saad and Associates, LLC Archives
May 2020
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