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Abraxas Petroleum Corp. Message Board

  • debtkills debtkills Dec 3, 2012 4:00 PM Flag

    Clinton Group

    Usually when a major holder gets upset, It doesn't necessarily means good things are coming because they are flexing their muscles and trying to get management to change. It is usually the opposite that happens. The stock heads lower. This company has problems, and they are as worried as the rest of us, and mad at themselves for buying this stock.

    Their $4.35 valuation claim has done nothing to stop the slide. And look at the volume. We are going lower.

    Bob really needs to get thrown out of this company. He has done nothing for this company, accept a secondary at more then double the current price. Which means he really screwed some shareholders.

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    • right now the oil market is on a low...its a rotation. It will return, it always does. Maybe not to the share value that you bought at. But it will return.

    • You guys should read this again. If you are still here because of someone who made a mistake just like us (The Clinton Group), is talking tough in a letter, you should be worried, not comforted. They are scared and or upset like anyone else here that has lost at least 50% of their money. I would bet most people have lost well over 50% (myself included).

      I'm done with Bob. I have sold. Time will tell if that was smart or not. But with the market highs and this trending lower (even though volume is low), I just don't think that there will be good news this quarter. And low volume downtrends often pick up volume, and become high volume sell offs. GLA!

    • Wouldn't you think they'd give him until after the 1st quarter?? There's a pile of wells backed up waiting on an announcement of production (or lack thereof)and those incoming wells are due in the end of the 4th & beginning of the 1st quarter. IMO I wouldn't think they'd pull the plug without knowing those resuts
      If he poops the bed.........them I'm off him forever & I've carried more water for him than Gunga Din!

      Mickey

      P.S. And he's actually made some money for me too! (I still don't like that "this isn't my first rodeo" self pat on the back comment..) Churchill said "Not everything that can be counted.... counts"; but those Clinton guys sure don't believe it & they sure can count!!

    • You should listen to the webcast it is very good. if it goes lower somebody will buy them out cheap thats the only problem i see

      Sentiment: Strong Buy

    • This is a small compnay with good take over potential. When Clinton group said in their warning letter "if you do not respond you will hear from us again". Clinton is looking to take them out either friendly or hostile. One way or another we are heading higher. Today's price action was a nice buying opportunity. Thanks for selling.

 
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