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Abraxas Petroleum Corp. Message Board

  • bogwa1406 bogwa1406 Dec 27, 2013 10:52 AM Flag

    There's broadbased selling market's that time of year. AXAS isn't a tax loss sale for 2013 but rather a sell to book profit.

    Which is why January effect occurs every year as folks and funds start to reposition their portfolios. They sell their winners to book gains and sell losers to offset those gains. If AXAS is being sold on a 2013 basis for the vast majority it was a solid gainer. Better commodity prices, better balance sheet and 13% to 18% production growth = it should be a gainer in 2014 as well. JMHO GLTA

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