243 trading days ago it cost $40,000.00 to buy 10,000 shares of USEG. Today $3,400.00 will get you the same amount of shares. Oh how things change in this goofy Casino they call the STOCK MARKET.
I wonder when that new board member, that paid around $4, is going to "average down" ??
yep yep they have many many times. In fact many years ago when the stock would tank Jack would hit Denver and have open happy hour for all the brokers in town, all the food & drink you could hold, they loved him. Now not to long ago the stock moved from the $1.50 range to $4:+. I hope you and everyone on this board knows that this stock goes no where until a broker somewhere picks up the phone and gives a pitch to a client. You can't count on the funds to move this much -- they buy and hold. USEG needs the every day guy hitting the phones and if just one flight for a dog & pony show get a couple of sales people (account executives as they are known today?) to start putting some stock in the hands of their clients at 80 cents we cannot knock Keith for trying.
That said there is one problem here--- most of the listed firms will not let their people solicit a stock at this price so it must be the small OTC firm he must work on --ie Dog & pony.
Remember one thing here boys & girls. At this price your total downside risk is .80 cents -- upside -- unknown.
Any one that is not worried about an $8 grand gamble can put away 10,000 shares that cost 40 thousand not too many months ago. --- Just a little food for thought..