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Abraxas Petroleum Corp. Message Board

  • chimakot chimakot Sep 5, 2013 4:35 PM Flag

    I'm not worried about AXAS's price movement this week.

    I mentioned MILL to the board about two months ago when it was trading for $4, which is when I took a position in the company/MILL. Well today MILL closed at $7.22 driven higher by a short squeeze, which is what we'll see in AXAS shortly. I truly believe AXAS is a better company/stock than MILL. What we've seen this week is a fund(s) reducing or eliminating their position in AXAS and that has driven the price down. There has been no buying pressure this week.... so guess what happens, the price declines. With that said, we will have buying pressure next week when Bob Watson releases the operational update, as I expect it to be very bullish. My advise....hold tight and keep the faith.

    Sentiment: Strong Buy

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