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Cobalt International Energy, Inc. Message Board

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  • tony.molteni tony.molteni Dec 23, 2011 2:55 PM Flag


    Continued pumping won't take this any higher for now. The techicals have ALL turned down, as one would expect from being up 60% in one week. Year end selling is going to take a bite out of this, especially in first week of 2012 when people or funds with big gains sell it off and let the gain hit their 2012 return. Some selling next week will be from holders who have net losses for the year and thus can shelter their gain in 2011.

    Mid January ought to be a good time to open or add to a long position, IF you think these guys can ever get some serious production out of the ground.

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