Avg $2.74 and have not sold one share. You folks worried about pennies are missing the who picture. Got BAC @ $5 with same story. Buy good businesses when no-one else wants them. I always say IGNORE the NOISE!
There has been lots of insider buying and GS upgrade. I've seen year targets for $9 so it's tough to say whether it will make it but with a dividend reinstatement something positive must be on the horizon. Balance sheet should strengthen with them selling more properties and paying off debt. I'm now cautiously long.
Totally killed on this one.
Tom, How do you come up with the analysis of $7. Seems like two years from now we'' be sitting close to twenty!.
can't wait for next qtr results.
The other 5% appears to be lack of 2014 sales. I hate when they do the 20% kills before retail even has a chance to react. This type of information should be relased after market opens to give retail a fair chance.
I used this as an opportunity to go to the side lines. something is going on and I rather limit my losses from 13 than take the chance of it going to single digits. I'm still a little irritated this dropped 20% on one analyst comments. I've been killed on all my NG related plays this year.
CB I like your theory but it really doesn't seem like this even gets off the ground. With the recent news and certification around the corner I would have expected more covering. It appears that this can't even hold 7''s very well much less break through the huge wall at $8. There seems to be enough shares available for shorts to slowly cover without putting any upward pressure on the stock. Realistically when do you think this is going to change. Frustrated were not trading $8 yet, but you keep talking about $50 shares.
That is good advice especially since you'll be receiving warrants which give you the option to buy for 120 shares @8.50. It appears that only a couple Analysts have raised targets so far to $8.50. It's always best to get your initial investment out when it does well. As your probably aware investors had the #$%$ scared out of them when it dropped from $4-2.50 a few months back; nothing is a guarantee.
Followed Wilbur into XCO & LPDX and I'm losing big time. How much patience do you need to maintain before you cut your losses. I was sure when we running towards $9 this was a good pick.