This stock has broken my heart for many dollars...I sold my last position too early at 4.59. Just gunshy maybe. I would tell my mother to sell that Monday morning and wait for the share price to fall again with the oil price per barrel price. The only way this stock will ever hit $15 a share is with a generous dividend. The company has never paid a dividend since the merger with TODCO. Look at ROYT. It is an oil trust I trade frequently. It has a nice monthly dividend and 12% annual yield. Not a lot of volume but the price does swing just enough to day trade. I was last in at 13.04 and out at 13.40 this past week.
Ok, I am gonna listen to the guy who sold too early cause he is gun shy. What's next taking sex lessons from a guy who can't get it hard? I hope your not helping your Mother with her investments. Nice post Shorty!
Last group of guys that bought at $4.79 watched the price fall back down to the $4.50's.. this thing ain't doing much. Probably because it's a metal scrap yard masquerading as an oil driller... too many old piles of junk to attract any real investor interest.
Things are really shaping up in short order for HERO. I am now sitting on 230k shares an adding as it goes up. I got in way too soon, so I am still averaging down. My current break even point is $6.18, so for now that is my #1 price goal. But I feel $7.50 will be coming within 2 months.
When you consider 77% of the sahres are held by institutional investors, and with the 13.9 million shares currently shorted and theh Main Shorting Brokerage now under close SEC supervision, along with all these New oil and gas leases in the Gulf: HERO is a slot maching with 3 x 7's lined up.