Whiting Petroleum Corp. (WLL)

[Montanore]

It's a gamble and tough to buy the lows--especially if a possible bankruptcy is looming. Happened to me many years ago when American Airlines was close to bankruptcy. I got in big, only to succumb to fear and sell at a loss. The company survived, of course. Then when Washington Mutual was close to BK, I decided to get in and not lose to fear--but then they declared BK and I lost. Another oil stock, Continental Resources, crashed a few years back to around $13 and I just couldn't pull the trigger--even though I knew it was a good quality company (better than this one). My son was in the oil biz at the time and said his associates were buying it left and right and near the lows. For some reason, I didn't. Oh well--we'll see what happens here....the problem is if one isn't on the inside, than he's on the outside and throwing darts at a board (To quote "Wall Street").