i dont think ross ever bought at 18.. first buy was 1594.. right after that he started buying at 14 and under... while he is losing he averaged down ... id guess 11-12 average price... no one is perfect no one knew nat gas would colapse... he will eventually be right... 1.6 trillion in gas reserves are a lot.........
Ross Wilbur? Apparently you don't know as much about him as you claim.
So you're saying you should have been buying like Ross at $18 all the way down to $10, but not now when it is below $8?
Makes perfect sense.
What color is the sky in your world?
When Ross Wilbur buys, you should be buying and sell when he sells. He sold his coal company International Coal last year at the very top, six months later nobody will go near the stuff. The guy is good, very good.
Honestly, I'm really not interested in this company. However, if I were to buy, I would not touch it until some real positive information came out of the company. I'm not talking about fluff to pump the stock, I'm talking about a positive that you can bank on. As I see earnings warnings on the horizon, I definitely would not touch this until we see the next earnings announcement and conference call and some visibility of where things are going.
I don't see a catalyst at this point to justify the stock going up. Pricing is weak. Tons of debt. I think the stock will find a bottom (somewhere) and just sit there in some tight range - maybe $4 to $6...and then won't break higher until that catalyst comes, if it ever comes.
Right now, you put your money down, you're just throwing the dice.
Why has Ross stopped buying? It's down $2/share since his last purchase at $9.84.
Nice call wjk, you def deserve to say what you want bc you have been dead right on XCO since I started following the stock and checking in on this board.
Is there any price where you start to warm up or get positive on XCO? Or is it truly a zero? Any thoughts would be greatly appreciated bc you seem to know this company/space well.