doing the same thing here.
i do see that the movement up didn't start until april last year. we could find our way back in the 2's again. not sure i want to do that.
yes but one thing to consider that limits upside is that the dilution. it was necessary as the company was out of cash (brilliant management) - but that's what brought the opportunity to buy in at this price.
i was playing xco for a big pop that never came, though i did make a few thousand so far. on the other hand, dgaz gives you action every minute :).
i sold half of it today from 5.40 to 5.45. will look to buy back after things settle. i see xco going to 5.15 in a couple of days. if not, then i'm not hurt , if so, then i buy back and it's all good.
getting ready to buy 20k shares of dgaz after this thursday's report. will be the last big draw of the season. - then we will wait for gas prices to drop - until the industry realizes that the marcellus isn't going to refill inventories by itself. after making a quick killing there, then i will go long natural gas stocks again.
in he meantime, i still got 10k shares of xco.
i would say we are going to get a new ceo and it will be a return to business as normal. takeout is still a possibility but fundamentals are improving regardless. nothing quick to happen here, but i think we've seen the last of the 4's.
exporting is so far away it's irrelevant to dgaz. what will matter is the big draws will stop, and the race will be on to fill storage. i am loading up on dgaz after this thursday's report. in the meantime, i've been swingtrading it for a few hundred here and there.
not that it's an earth shaker, but the sentiment will certainly improve with today's actions. the only question is what sort of a pop we get when the new ceo is announced. my plan is to sell off 10k shares at 5.50 and swing trade after that.
i think they'll get the deal done. they do, we are back over 10, possibly eleven. it is just a perfect storm for a pure met coal player.
yes but we are getting other positive articles. huge volume today around 6.40 ish. that has to be bullish. we should be running higher if we can have a decent day for oil/gas stocks (hard to come by lately).
who knows why boone sold. i don't think he participated in the offer, did he? maybe he needs the cash for something else. whatever, he's not hurting and his circumstances must be different than the others who participated and added.
i don't think the issue of a buyout is necessarily dead, by the way. certainly remains a possiblity.
i will look to unload above 5.60 and swing trade this.
it's a very strong message to the shorts. i think we'll see some covering soon.
yes. today's volume was definitely bullish. the shorts definitely working to keep it lower today. a good up day in the oil/gas stocks and we will break $7.
wait and see what retail buyers do. they will dump and the big boys can load up even cheaper. what better way for them to accomplish that?
there will be NO buyout. We are going to see elimination of a dividend and at 4.50 price tomorrow. if willie is right, i will fly out to wherever he is and shine his shoes.
i think it's going to go up 3 cents for the blink of an eye.