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Abraxas Petroleum Corp. Message Board

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  • chrishasty_1982 chrishasty_1982 May 13, 2011 5:31 PM Flag

    Is $4.15 significant for any reason?

    I don't know.

    It looks to me like this has major support at 4$, so hopefully there isn't much more downside after the recent pummeling this has taken.

    This has mirrored the major indexes over the last few days though. I question what will happen if the Dow continues to slide.

    I think the "sure bets" in the market are overpriced, but anything that has a few question marks has been punished severely.

    I guess it's true what they say. "You pay a high price for a cheery consensus"

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