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Crosstex Energy, AŞ Message Board

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  • rrb1981 rrb1981 Dec 9, 2005 3:00 PM Flag


    No doubt, the market will fluctuate, it just seems a bit bizarre that it just drops 10% or so in a week with such tremendous prospects within 12 months.

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    • This has always been a pretty volatile stock. There are only 13m shares outstanding, and there is a large chunk owned by Yorktown, with a few other institutions like Kayne Anderson that own chunks as well, making the float quite a bit less than 13m. To top it off, Yorktown is a seller over time. Also, while the company's growth prospects are quite significant and quite easily apparent to you and me, they are not obvious to the casual observer, which is 99.999% of the people out there. If you add up those factors it is understandable that there is volatility. The key is to always remember that volatility is your friend, because it allows you to make money so you don't have to get a real job.

      • 1 Reply to kokohapmton
      • Keep the faith. I am a big believer in technical analysis and looking at the XTXI chart, I think we are due to break out of the slump next week (12/12-12/16). The stochastics are oversold big time and now the %K has crossed the %D. And, this was a slow ride down, not like the big drop below $60 in early October. Prepare to test the high near $70 in the near future (90 days). For you candlestick lovers, the last three days have been classic hammers with above average volumes and Friday gapped down. The bears are running out of steam. Look for the positive day next week, I think Monday or Tuesday, and away we go.