I've watched this stock since it was in the high of $6-$8, I thought it was too high then. Do you think at the current level, it is safe to get in now? Do you think I should wait a bit more? After 35 years working in hard labor factory, I have about $240,000 from my retirement CD earning 0.85%, I am about to buy XCO with my retirement money. Do you think I should go for it? Any advice will be appreciated.
Wait till after the "offering" consumates; that "if" it ever does consumate. Right now it looks like it ain't gonna happen and I have no idea what the ramifications of that will be. As of right now, the shorts and the tax loss sellers are in full control here.
I understand now that Wilbur Ross is more than willing to buy any share at $5 minimum but he knows the value is much much higher. It's a psychological game now being play out. Those who couldn't wait will just sell now below $5 while the cruise ship is getting to leave for the North Pole!
Can you please explain to me what the "offering consumates" mean? I am a novice in this game. So please pardon my ignorance. Does it mean, you have to right to buy more stocks at $5/share even though now it is trading below $5. I am confused! Thanks.
The record shows XCO pays dividend every year at about 3% per year. That's a whole let better than my Capital One (Formerly ING Direct) which is paying me 0.85%. At the current level, it seems like such a good deal to me. This is my hard earned money so I would like your opinion - positively or negatively so I will decide today. Thanks again for your input.