I apologize in advance because I am writing this at the very last minute. This is also due to the fact that sometimes ideas which I’ve been thinking about for weeks only flash a big opportunity at the last minute.
I think this is one of those cases, and I’m initiating the position as soon as the article hits. I’ll be putting it on at the same time as it goes out, which I believe is fair.
Our oil gains on the Babylon Burns portfolio (which was initiated on August 15th) have evaporated amid the post midterm crash in the price of oil.
Some of our positions got stopped out, most at breakeven as stops had increased to follow the stocks, and I initiated a couple positions to play on a bounce.
The market is pricing a specialty business as a commodity one, and pricing a company that’s paying its debt down at a run rate of $800M a year as if the debt were still the story.
I’m putting this trade through as soon as this article hits, and so can you if you upgrade to a paid membership now.
The stock reports earnings tomorrow morning, so this is a now or never trade.
