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GMX Resources Inc. Message Board

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  • sleestack76 sleestack76 Feb 14, 2011 9:02 PM Flag

    very oversold

    Agree, but expect to sit on your hands for some time. Stock may be undervalued but NGAS supplies appears in a bear market for some time. If you buy today you are hoping for a big hit in the new oil assets which hopefully will improve the cash flow. Without guidance on cash flow stock will languish and trade within a range of 6 bucks and 4. IMHO

    **what I liked about the end of today was the aggressive buying. look at the ten day chart on a 30 minutes intervals...hopefully the selling is drying up.

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