As we approach the 52 week low of $16.00, it appears to me,that the earnings momentum of an estimated over $3.00 earnings, will likely offer support to this issue from further decline (P.E. Ratio of 5.3 based on foward looking earnings).
I will cast my buy vote by placing another buy order at that price, so to average down my initial entry price of $25.50, except this time plan on buying twice as many shares as I did initially, since the long term trend on the price of the commodity remains UP, not Down.
Was expecting 3.00 earnings by December 1998, but I'm afraid I was being to conservative, looks like they will be closer to $3.50, Oh well. Averaging down was a great strategy and all those waiting for 12.00 a share got left, sucking wind. This message is a follow-up to my message of 2/24. Is good to be rigth once in a while.
Was expecting 3.05 earnings by December 1998, but looks that I was very conservative, Maybe closer to 3.50, Oh well ave. down was a good strategy, and all those waiting for 12.00 got left behind sucking wind, for being greedy. This message is a follow up to 2/24/98. Is good to be rigth once in a while.
HAL is said to be buying DI, both giant Dallas outfits, but PDS and some Houston co.? Which co., and who says so? I like an unsupported, upside rumor as much as the next investor, but could you please elaborate on this a little? There's nothing here for anyone to go on and, as a minor quibble, PDS closed at $17.00...
Seriously, tell us more, please. Good luck to all.