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GMX Resources Inc. Message Board

  • investopedia92 investopedia92 Jun 7, 2011 4:00 PM Flag

    Post your predictions

    We all know that the stock has taken a big hit recently. Post your 2 month, 6 month, and one year predictions here and maybe we can have an intelligent ( i know its difficult) conversation about the stock.

    2 months- I see about what it is now being a 4.50-5.50 stock because there isn't much action going on.

    6 months- I see it being a 7-10 dollar stock because I predict they will hit oil in this time period (even if they can't start readily producing it) The promise is very good and I think everyone that is waiting is going to be rewarded.

    1 year- I see the company start to chip away at the massive debt and begin to (dare I say it) become profitable hopefully due to lots of oil production in the haynesville and Baaken plays.

    *now, if they don't find oil...it stays at a $4 stock forever.

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