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EXCO Resources Inc. Message Board

doogle60 1 post  |  Last Activity: Jul 24, 2014 12:13 PM Member since: Oct 8, 1999
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  • doogle60 doogle60 Jul 24, 2014 12:13 PM Flag

    Well, I have been at this game a long time...Fortunately I win much more than I lose..I continue to learn each and every day and consider myself humble..Just one thing I have learned is to completely ignore all the "experts" on CNBC, The fast Money gang, Seeking AlPHA, The Motley Fool, Zacks, Analysts, etc....I can not tell you how often in my trading career these "experts" have been dead wrong..They are really mostly just a bunch of self appointed arrogant experts and especially Monday Morning Quarterbacks. Sure, ALJ has its pressures and yes, they have taken down their estimates...But what these people look at is just plain vanilla - they are like horses with blinders on and don't look out into the future. First of all there are only X amount of refiners left in the US.. Nobody is going to build more because of the huge expense and regulations.! You can't do anything without the refiners! Secondly, ALJ share price is WAY DOWN from where is was not so long ago..Much of the bad news is built in already! I have a ton of ALJ and have followed this company very closely for the last several years. They have a management team that is savvy and has done a lot to improve the last several quarters.....So let the experts say what they like...I am on the other side of the coin and see ALJ as a decent risk vs reward...D

XCO
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