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Thursday, January 15, 2015 1:25:10 PM
MILL- It's always nice to see insiders buying, however I do not recommend buying any oil companies right now that are in the red and MILL financials are terrible...
many of these small cap oil/gas companies with weak fundamentals will not all survive in the end. Why it is important and wise to find the beaten down oil stocks with the strongest fundamentals that could weather the storm. Trust me I've seen this happen to many solar companies a few years back and the ones that had poor fundamentals did not survive.
This is important when buying and holding long term, but if you're only day trading them then fundamentals don't really matter...IMO
Weak fundamentals = extreme caution
Revenue 88.31m
net Income -211.97m
Shares outstanding 46.63m
Free float 33.50m
Market cap 46.63m
EPS -4.5879
many of these small cap oil/gas companies with weak fundamentals will not all survive in the end. Why it is important and wise to find the beaten down oil stocks with the strongest fundamentals that could weather the storm. Trust me I've seen this happen to many solar companies a few years back and the ones that had poor fundamentals did not survive.
This is important when buying and holding long term, but if you're only day trading them then fundamentals don't really matter...IMO
Weak fundamentals = extreme caution
Revenue 88.31m
net Income -211.97m
Shares outstanding 46.63m
Free float 33.50m
Market cap 46.63m
EPS -4.5879
Trade with focus and then you'll see everything move in slowly!!
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