Up 7% one day and loses 5% the next. Only PQ!!!-lmao You cannot chase this stock.
I looking to buy back on the next pullback to the 4's (if it happens).
Okay, here is a post. Note that in a recent redetermination PQ's credit facility was set at $100 million by its banks. Only $10 million is being used. $90 million is left. The price of crude on the international market was abut $70 a barrel back in 2009. It's now about $83 a barrel. Since the global economy looks to be in the early stages of a recovery, crude should go up still further. PQ won't have to go to a bank to resume drilling again. All Goodson has to do is give the order to start drilling again, avoid deepwater drilling (the recent BP disaster near New Orleans), and PQ PPS will go up. Look at recent PQ price and volume action on the NYSE.
Breakout in FIG for next run.
BAS is consolidation for next move up. Upgrades will come after earnings.
I was holding HBAN and Sprint in the 3's a couple months ago (needed the cash) and couldn't hold out for earnings, now Hban in the 7's and Sprint headed to 5's. So I know how you feel about PAcer-lol Its sucks!
Overall, good "picks" (can't look back). Hopefully this next run will be strong.
CD - pullback on FIG surprised me a little, especially since KFN continued up strongly.
XTXI made a very nice move today. Gap is still $2.70. Bought a little more earlier today. Still looking to see it test $10 (52 week high.) XTEX tested its high today.
Looks like FIG is fighting hard to try to move upward. It bounced off of lower numbers both Friday and today. Getting even more confident that FIG is ready to break out.
That darn PACR is kicking my you know what. I made quite a bit, but dumped it all by the upper $4s. Who would have guessed it would have made a move to $7 so quickly. Maybe, FIGGY does this and tests $8 :)
Also, XTXI and XTEX gap is $3, so I started buying XTXI again irregardless of NG pricing.