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Basic Energy Services, Inc. Message Board

  • Nov 28, 2012 11:50 AM Flag

    are we close to bottom ?

    lots of insider buying happened in the middle of November around $9/share plus Deutsche Bank put a PT on BAS at $18 (not that these PTs matter that much). looks like we are close to a bottom.

    i think next year might be better than this one for BAS. i hope to see 14-15 by middle of next year. any thoughts (i meant intelligent thought)?

    Sentiment: Hold

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    • I actually think we're at the middle, not the bottom. This stock has been in the $9 - $12 range for most of the year. I see no reason why now it should pop to $14 - $15. There have been other price targets recently of $14 but it never got close.
      The way to play BAS is to buy anywhere in the $9's and follow it up with stop loss orders up to $12. You can do a pretty good job that way, I have. My guess feeling is that BAS will not see $14.00 until 2014.

      Sentiment: Hold

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