CHDT PECB BIGN EDEX
Have a small position in CHDT, but could not bring myself to buy more after reading their quarterly earnings. 2 problems: Ongoing heavy dilution. 2nd: They have a few lawsuits, one of which they have stated, will bankrupt the company upon a negative ruling. (unless they issue more share to fund any judgement against them)
Setting those nasty issues aside, we will probably get a nice pop into the hurricane season. Business in FL appears to be taking off. They may end up in the right place at the right time.
On another note: I've increased my position in PECB. I think we have a real good chance to ride a PR wave of monthly sales figures. Chart looks great. (if one can chart a pinkie?) Only problem is they are not filing their PR's as stated.
Might suggest BIGN and EDEX as O&G penny plays. They appear to be legit on most accounts, and both are currently accumulating properties to starting exploration. EDEX utilizing a new technology to decrease probability of dry holes. BIGN utilizing new technology to refurbish existing, proven wells.
postcog@postcog.postpro.net
