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Basic Energy Services, Inc. Message Board

  • redr8terhtr redr8terhtr Oct 26, 2010 1:43 PM Flag

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    It can't be good when the highlight of your CC is a tax refund. My goodness, what will it do for the company when they book RESTITUTION. Wonder what GAAP rules it falls under.

    Got a good idea; just hire another couple biology majors and the thing will fix itself.

    Like he said, "they are operating under the lawyers schedule."

    Rah rah. whatever happened to the Cheeleader?

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    • Why did this company have such a runup? Seems like this stock should be under $9 at the least. Is there any good news other then technical?

      • 1 Reply to longfuturelll
      • Due to the low float and the lilliquid nature of this stock, it is fairly easy to manipulate thi stock. Once the momentum players and manipulators are done with this stock, it will come down quite fast. Just be patient. Base on historical prices, BAS should be in the 8s! I am long on KEG and that really frustrated me, as it had always been $1-$2 higher than BAS, but lately BAS is $1-$2 higher than KEG. Their business are similar and based on the numbers, KEG is a better company than BAS, especially due to the high exposure of BAS to the gas(fracting) sector. So I have shorted BAS to take the frustration of owning KEG and so far this short play is making life a little better!

 
BAS
6.04+0.11(+1.85%)Jul 31 4:01 PMEDT