Callon Petroleum (CPE)

[shanon1]

I think the numbers are good here, read that analysts are seeing maybe 33 cents a share profit under the OLD SHARE STRUCTURE for the year, which is still 2 quarters down the road, so we have 12 cents Q1 plus 1 cent Q2 that leaves roughly around 10 cents for each subsequent quarter. Now under NEW SHARE STRUCTURE, multiply by a factor of 10, so for the year it would be 3 dollars and 33 cents profit per share giving us a yearly P/E of 3, not too shabby. However, I always see the selling on R/S and at the same time the real buyers scoop up the cheapies, if you bail on your position, institutions will get these new cheapies, try holding for 6 more weeks.