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Adams Resources & Energy Inc. Message Board

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  • livermore1929 livermore1929 Mar 28, 2012 1:28 PM Flag

    WTF

    The company was just listed on the Barcharts.com home page as up tons this year, and hence the momo crowd jumped on.

    I'm not saying it's overvlaued, but the chart looks pretty out of whack.

    I have no position either way, although wonder who found it at 20 in October 2011, and how?

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    • I picked it up at 25 when it popped up on a my finviz value screen. At this point it peaked at 185% or so up. I love stocks with super tight floats.

    • Livermore

      I've seen you on the twin message board. AE was easy at 20 i talked about the stock being so cheap back then. It had cash of 12 dollars per share, little debt or no debt and book value of 22. Someone actually was saying it was going back to 17. looking back that's pretty funny. the risk now is that it could easily drop 12 bucks in one day. my fear is that next quarter people will start selling. so basically the stock is quite risky at these prices. A far cry when it sat at 20 selling below book and nobody cared. Sometime this year it will probably find itself in the 30s again since the market will probably experience a 20 percent correction. if you are looking fro something in the energy field that is somewhat cheap take a look at GHM

 
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