Gilead, just want to go on record that I want to freeze my table pounder (or tell people to sell) since MXC has run way ahead of its valuation IMO, as the whole sector has suddenly become a darling of Wall St.
I would wait to see what we see in the June report or else get specific clarity on the Tarrant Cty wells before looking at it again unless it gets back to maybe the $12 range with the current known news.
Didn't want people thinking I was still pounding on this when it is at almost $20. I'd be telling people to sell at least a good chunk and maybe save just a little to enjoy the momo rush. Could come down pretty hard pretty fast, but who knows how high it goes before then.
For now though, FREEZE that MXC.
PS- AYSI looks pretty good at current levels but not a tablepounder. I'm trying to work on some new info to get more confidence with it. Not sure how much impact the near completion of FMG's startup rampup will have near term. That July report from FMG will help us see the future a bit better IMO and could spur more buying by me if we're in this level and FMG announces aggressive near term continued expansion. I might even go to pounding again... But not yet.
I don't mind stealing bread from the mouths of decadence... But I can't feed on the powerless when my cup's already overfilled.
-Temple of the Dog
"We didn't build this company on the sniff of an oily rag."
-Anonymous
