Thanks for the insight. Quick question. Are you saying you think $1.20 is tops for later in Q4/2012, or do you think that's the top end for DEJ all together?
Just curious. Thanks.
PS: I'm long DEJ and holding through 2014, possibly longer, and I'm doing so under the assumption that this will be in the $3 range at that time, obviously more if South Rangely is an oil producer.
I think the very nature of this stock and the wildly changing variables like the price of oil, makes chart analysis very unreliable....That being said, I suggest you see near and long term goals. The business plan for DEJ factor heavily for me. We should be largely exploiting our resources by mid 2014. I therefore look to that date for my long term target and expect it to be around $3 largely due to NGLs. Short term, I looking to earnings and volume. Once the earnings create a run, I will watch the volume closely, when it drops off substantially I will sell part of my position and reinvest it when the price pulls back. Nothing travels in a straight line.
Just my strategy...hope it helps
LMAO!!! You girls have been writing that for YEARS and you've missed the boat on multiple oil stocks that skyrocketed (read that BEXP, KOG, CENJF, etc.)that you could have made some serious money in!!! Where's 4skin at anyways...I need one of his stupid comments to send me into fits of convulsive laughter (how's that PETEF doing anyways my sheathed friend). Heheheh