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Forbes Energy Services Ltd. Message Board

  • jthaiphu jthaiphu Mar 20, 2013 10:54 AM Flag

    Steel Excel sure is loading up!

    And right before earnings. I was expecting a rather weak report. So why are they buying so heavy??

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    • considering the size of their investment, apparently steel believes that FES has potential. im a bit surprised they waited so long, but their hesitation to enter at these levels can be viewed as a positive as they believe there is still room for price increase. the technicals have been holding up nicely. we broke and closed above the R1 of 3.72 today. R2 is 4.34 and is well within reach given the price movement as of late. I hope we break it before it makes its pull back. it seems the feds decision on rates has given investors hope for the economy.

0.1096-0.0003(-0.27%)Oct 27 3:55 PMEDT