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Basic Energy Services, Inc. Message Board

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  • nedelkay nedelkay Oct 28, 2012 8:56 AM Flag

    why oh why didn't I dump it?

    I was in LO friday and i saw BAS down to 10.60 and when it started to move up i bought at
    10.66 and had a nice little profit at 10.80, but i wanted to make more . Now i'm down twice as
    much as i was up. I thought 10.50 would be the low but i guess it was heading down 1.00
    from thurs. high 11.32 to 10.35.
    I guess if the market goes up monday this will go up.
    I lost more money in this stock than any other, even with the big moves it's still hard to figure!!
    I'm better off trading utilities they're more predictable.

    Sentiment: Buy

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    • I've made a few grand on the past couple of pops and I was up $1500 a few days ago on 1000 shares but I thought it would run to $14 again as others reported good earnings so I doubled down. It opened up, was up $900 or so and now I'm down $1200. That wouldn't be really that bad but the chart started to look weak

      • 1 Reply to highspeedlowdrag35
      • I was just watching Cramer's game plan for next week. He said to buy K or CHK on wed. before
        the earnings Thurs. nov 1. I usually never buy before earnings though. He also said buy
        CLX on the sell off after earnings, that's pretty safe.
        I've been watching AWR and other water utilities and i like the way they trade, AWR moves
        enough so if you had 650 shares you could make about $300 a few times a week and
        not worry like in BAS. The utilities don't usually drop more than 5% and never in one day.
        LO , lorollard is also down alot so i bought after the drop this past week and made money,
        XLU is safe but you need more money to trade it.
        I just hope the market's up Monday so i can at least get out even on BAS.

        Sentiment: Buy

 
BAS
7.98+1.62(+25.47%)Dec 19 4:03 PMEST

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