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FX Energy Inc. Message Board

  • bmshaven bmshaven Mar 31, 2006 11:00 AM Flag

    t/a mumbo jumbo

    It didn't take a t/a expert to realize that when FXEN hit 3.84 midday that the bottom was probably in; and you can expect a 15%-30% bounce from a bottom 90% of the time. Momentum , for the most part, has died and there is nothing (besides drilling pr's) to push this stock much higher than 5. Unless oil hits 70 and n gas hits 8, which btw should has little impact on FXEN, but your going to have sector vultures who pick up every damn energy stock available. If FXEN falls below 4.50, I'll probably load up on a bunch. I would suggest that anybody waiting to buy more, seriously think about holding off for a few trading days. All IMO. Look at the possible bright side: If they are successful on 50% or more of the next wells, you will see more coverage, some upgrades, institutional buying, etc. etc. So buy before they do, but not just yet. For those of you who bought under 5, nice call. Anybody here pick BBI at 3.30 a little bit ago?

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FXEN
1.01+0.07(+6.96%)May 28 4:00 PMEDT