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Re: nosebush post# 3645

Friday, 05/01/2015 10:12:29 PM

Friday, May 01, 2015 10:12:29 PM

Post# of 4450
New to the board,
You ask an important question. The indicators you speak of tell me to stay away. The P/E is WAY too high for this stock. It's basically saying that the current price is expecting earnings to be much much higher.
I've been watching this stock for over a year, and I believe there's much further for it to drop. My entry price will be somewhere around $10.
Maybe it will get there, maybe it won't. In the meantime, I'm putting my money in oil. Don't forget that major players like HP will eventually get into this market full force. They will have to or be behind the power curve. That's not going to happen.


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