I beg to disagree. Not all offshore drillers are flying high. I have nine of them on my portfolio including the three seadrills, 4 are green and 5 are reds. What struck me most is that PGN is the only onelosing more than 5 percent. I guess they are really expecting th weak drillers to fold.
Agree with you, but it is sad to say that this is following the same trading in mid February. We may test the $1.20 level once again. I hope that my intuition is all wrong as I still have significant shares of PGN.
Am I? I only have 87,231 shares of EXEL. Though I am in the black now at $2.2372 average, unlike other folks here that is still in red because they are in for quite a long time.
If you think that this is junk, then go ahead and short it. Listen to your sixth sense and Don't let anybody tell you otherwise. Let us know how did that work out for you. The last person that was so sure that this stock is junk have been gone for a week now, still scalping for money to pay for his loses.
By the way, this is yahoo message board. If you take the advice here, you may be better asks your bank their best interest rate available.
Another good thing about drugs being fast track is that the drug will have an extended patent up to seven years after approval. In addition, the company will receiving grants for development and all government fees incurred will be refundable. EXEL should realize some financial benefit.
The Head of your Scrotum_Harden is speaking. Why didnt the interim analysis been stopped yet? What is the impact to you? What is you excited ectation and why? Hope you can provide some of your wisdom on this board.
I run away from stocks that has pumpers insighting buyout, That means trouble ahead. Since all the shares I got left were free shares, I'll leave it till PGN does one of the two: 1. get to $10.00 bucks long term or 2. Go bankrupt. I am out.
You will not hit that break even price at all, if you have truly invested a teal money. I personally Think that you are playing other people's emotions here, especially those who have invested above $10.00. Man you are good!
I sold a third of my shares at $1.48 to 1.49. Still got over 120k shares. I am trying to buy back the EXEL shares that I sold to buy more shares of PGN. Not bad two weeks, around nd 35% gains, plus 10% decline on EXEL netted me with 40% percent more shares in EXEL and some vacation funds for the kids spring break.
If the top cover is taken off like it was at $1.25, we may see upper $1.50s. The are so much selling pressure in between $1.57 to $1.60. In addition, retailer shorts is back in the game, the cost of barrowing has been in reach and at par with other stocks to short.
Now I got you! You are envious on someone's success! It may be your time next, but I think that you will have to wait long for it. What is your break even number again? I am in the black now! Whoop whoop!
The risk is too high for the banks lending money to any oil driller at this time. I believe that the bank may be asking too stiff of a premium and it is not worth taking the loans being offered. In addition, the interest on their line of credit may be significantly lower than any bank offers and that the management took the risk of using the LOC instead. I am only speculating here, based on financial decisions that I have been taking for our firm.
One thing is sure and Stilley indicated that the company's liquidity is safe, so using the LOC doesn't put PGN at risks.
I do appr ciate some of your negative comentary and I followed it up with research. But to say that you are that sure, then go for it and it was just me. I gave you one example that I did last week, I was following PGNs decline for two weeks and when I saw my entry point (1.17) blow by and I emptied my savings account and bought as much shares that I can between $1.07 to 1.09. I then sold a third of the shares yesterday when it hit my price target. So I got half my money back at this time. And have price target and also stops in place.
So yes, I thought that you are my ch more determined than me. I guess I was wrong about you.