A long position in Ultra Petroleum looked like a hot trade but all it did was burn Joe Terranova. So what does he have to say about this stock now?
The Liquidator made the fateful call on December 6th when another trader suggested gaming energy with SandRidge.
“No way. Don't like it,” he said at the time. “The range in Sand Ridge this year has basically been 4 bucks to 11 bucks. Instead, your play on this is UPL, Ultra Petroleum.”
As it turned out, since Terranova suggested a long position in Ultra Petroleum shares have slipped about 5%. Meanwhile the stock he didn't like, Sand Ridge, gained a whopping 22%.
So what does he have to say for himself now? Find out in this web extra. Watch the video now!