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Crosstex Energy, Inc. Message Board

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  • lisahuang54321 lisahuang54321 Jul 21, 2010 4:36 PM Flag

    No more Seller's Left XTXI to the Moon

    Did you eat em'?

    I guess there are some sellers left after all.

    And why wouldn't there be when the price spent much of last year in the $2-3 range? There are still lots of people sitting on large gains.

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    • I think it is unlikely that many people who bought this stock in the 2 to 3 range would be sellers at 6.30. XTXI traded almost to $10 in March 2010 and spent most of the Mar to May 2010 period between 8 and 9.50. I would think that if they wanted to sell, they would have done so in that price range, not $3 lower. XTXI has put in a solid base in the low 6's from May to July. Unless the earnings coming up disappoint, this stock should move back to the 8.00 area, which is approximately the midpoint of the range the last year.

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