So - the pop is on. Volume exploded. We hit the screens. The eyes are upon us. No need for a PR person.......as I said.......don't need it these days. SO NOW WHAT? Well, some will say this is just a false pop.....will be short lived. WRONG. Yes we may consolidate some of this but it will not signal the end - the plateau - but rather signal a step where though we may rest we will not rest for long. We will move.....UPWARD and we still could go PARABOLIC though it would be my wish that we follow I more normalized rise. That said, the low float suggests to me that parabolic is of high potential simply due to the FACT that this company - the company that RAY HAS BUILT has massive potential and right now is only in its most nascent stage. With the US economic recovery improving and the world looking to follow we will see more money flow into the energy area as well as overall commodities as the year moves forward. We will not have many willing sellers as I suspect what we have here are very smart investors - not speculators. So potential buyers are going to have to pull hard to get any shares and certainly from me they will have no opportunity as my shares...........are..........MINE and what I see ahead is very positive. We are as I said we would be - now a real growth company. There will be a time to sell but it ain't now as we are only at the beginning. As before my recommendation was and is.......BE THERE. Boolean
*don't fear any selling here - just sit back and keep your finger off the sell trigger. we will go much higher.*
market is now at this level to GDP -- another sign of the end stage of the market --- once you get over 100 it is a sign to watch BUT the level of fear in the market is too high across the board even though margin numbers have risen to the highest level I believe ever. I hold with those like the learned Laszlo Birinyi who is still looking for higher markets but it is another symbol of the last wave - but again it could last for a year or more.
We see too many people writing of the apocalypse now - omens and such of imminent market disaster that it will not happen YET. Stay tuned and stay invested and I will let you know when my legs are trembling and my stomach is churning. Right now - we are looking for Earthstone to attack its top end resistance and once above it there are no restraints. The USA is leading the WORLD out of the economic disaster and that is awesome. It is funny though to watch the republicans (I am independent) having to deal with the new pope who is mostly if not all the way anti-capitalism looking for some improved equality for the poor and middle class - they religious right now has to deal with this conundrum. Ah those humans can make so much of so little. Boolean
shorts have been reducing and when you go back over the past few years you see we are at the low end -- this too is BULLISH. The naysayers were/are WRONG. We are on the right side of this trade and that will come fully to light in "short" order.
We do see Mr. Market showing signs of age and we are in the last phase of this might mighty bull. We see the S&P price to sales at about 1.6 so this is above its range on a historical basis. We do see the PE also running higher. We see the small investor pouring money in though last month they became scared again and dumped historical highs into bonds -- WHAT??? We see IPO's picking up and this spring should bring a deluge. We see those like etrade and ameritrade showing rising single day trades - day traders are BACK and mo-mo players are BACK. But this BULL ain't dead yet and it will go on and Earthstone is going to be hitting its pace right at the best time as we should only see better news (if that is possible and it is) coming out of this little giant. And then we should see Ray sell it off and we all go home..........but not until the stock has really run and the fervor boils in the market place. Ray has us sitting pretty and we are getting prettier as the days pass - no botox needed. Good luck - I know you are bullish as I am and you know what --- I do believe we are right and have played the best hand here. Good luck. Boolean
Interesting to sit back and look at Mr. Market - where we were - where we are and where we may go or where we hope it will go. Fear and pomposity are your enemies but so too is complacency. Knowing your weaknesses as well as your strengths at least gives you the opportunity to look Mr. Market in the eyes. Beat him when you can so you can cover your butt when you can not.
Earthstone to me is a Mr. Market BEATER. I feel more strongly than ever that an upside blast is coming and that it is not far off now. We see its financials building ever stronger and top/bottom line developments are looking better than ever. Ray has done an outstanding job building this and I won't rah-rah you to death on that as you know how I feel about him and what he has done. NOW - Mr. Market will follow-up and will reward what has been done.....it is......inevitable. I have played the market for many years and have learned a thing or two. Again - when I see shareholder equity rise (look at a bar graph) it portends very good things for that company. That is where Earthstone is NOW. SO - IT IS UNDERVALUED more now than ever but that value will not last. Once ignited it will come to the screens of many investors and it could go parabolic.
Ray does not need a PR firm -- he just needs to keep driving the way he is driving - in the old days you need a PR firm that is not needed now - RESULTS are you PR FIRM and we got em kids. A release of a NEW ASSOCIATION with a larger player would be super or a statement regarding access to more/easier money for growth or a SHAREHOLDER STOCK DIVIDEND to reward all of us simpletons who have rode this wily beast for so long (right boys) as that too would be an indicator of rising value.
We are in the last stage of the BULL and this is where more boats will rise - get an oar kids - get ready. Boolean
I am glad that you folks love to rip all the numbers and try to hit it - but as was evident again this quarter you just can't do it with any degree of accuracy. My big picture view is really all you need - you need to get the direction and perhaps guesstimate at the velocity of what is happening with the company but to it is my feeling.....MY feeling.......that it is not a great use of time and it is just way too difficult to do.....it it were not Mr. Market would not be the game it is. But - have fun. Boolean
lance..........the surge is coming sooner than you think. you are wrong - nice little story but......you are wrong. Boolean
yes u r right -- I am more bullish on this stock than ever before. Like I said - when I find rising shareholder equity profile like this..............it is gold. This can't be true "short" positions as the state of this company is on the rise and the payday is on the calendar. Ray - a tip of the hat to you - keep building it my friend and to the naysayers -- they too shall learn. Boolean
I am making a lot of money on this "pig": and there is a lot more to come.........I love pigs. This company will be sold by Q3 of this year - someone will come in and take it out --- I can see the grooming being done as we speak and it is a valuable holding for a bigger player. Boolean
but it will be much higher by the end of March. As I noted - rising shareholder equity profiles have been a very positive indictor for me over the years and that is what we have with Earthstone - the longer it takes to run the faster and sharper it will rise as the value is only growing. Plus - Ray will now have even more opportunity to get easy cash/partners as Ray has now proven that Earthstone is for real - A RISING STAR in the energy sector. I love this play. I picked up another oil a couple weeks in the 2.90's and already it has run to over 4.50...........the value was recognized and it was easier to jump in as it has a lot more shares outstanding and is just a bigger player. Then we have rick's cabaret (HAVE NOT CHECKED IT YET TODAY)) who is doing better and better but the shares just sit there or make a little jump only to fall back again.......BUT IT IS PURE VALUE and it will be recognized. But like Earthstone it will try your patience........but someone once said - PAY-TIENCE PAYS.........oh yeah that was me. Earthstone is for real now. Be There. Boolean
company --- it has already come farther than I had thought it would --- new gold surge would do wonders for it. Will now watch ever closer. Boolean
thank you for the negative thumbs down rating -- it confirms I am right and a definite threat to those who are not interested in learning but only want to rant. The human is an awfully amusing creature. Boolean.
Earthstone's holdings are growing in prosperity = unrecognized value that is building up in this company. Ray would do well to indicate in coming months that he is looking at "ways to unlock shareholder value" IF the stock does not start to "outperform". Good day. Boolean
Another stellar..........nuance if it were......is Total Shareholders' Equity. I have found over the years that this can be a key under-the-radar cue that the stock is going to have stellar upside.......we see that now with Earthstone. As I noted.....correctly this Q will be solid - it could have been a little better on the bottom line but not much --- pennies. And, we see money flow into oils is rising including the smaller players SO rotation is on. BUT......as we know Earthstone due to its low share count/float is at somewhat of a disadvantage as bigger players have a hard time coming in to drive it sharply higher. BUT - we will see tomorrow if buyers come in or do a wait a see once again. For me, as previously noted, there is no wait and see AS IT IS HERE and it will only get better. So whether it rises on its own or Ray sells it off we are now diving down the road in a good shape and as I always told you RAY IS ONE OF US - HE IS ON OUR SIDE. We have a good man at the helm and what he is doing to build this company is without question solid.
So again, the stock may just sit there tomorrow or it may fall - who knows. But by March either way we will be nicely higher in.....my most humble opinion. Boolean
actually just an honest mis-type - meant under 3 ---- I am a value investor and find these all the time. So doug - don't get too pompous but --- there are lot of pumpers out there so in a way I understand your rant.
on a long term hold due to its value - but maybe this is going to pan out quicker -- will need to see if the stock actually reacts to it now. Also watch Earthstone Energy coming out late tomorrow or Friday before the close (unless they came out already - I have not checked it yet). Money flow into oils is increasing and they were net net outflow for several years now to the mid-small fry oil/gas plays. Good luck. Boolean
not investors - this is when you want to hold this stock as the next releases are key and could well drive this stock parabolic -- if they fail we lose but the risk/reward is just too great for the upside right now.
market today - sure it was up nice but in no way was it a lift all boats type of run.