Mexco Energy Corporation (MXC)

[littlefish]

smoke, it was obviously pure luck getting to $40+ (too bad 80%+ of my shares were gone by then!). One thing I will say about MXC is people underestimated (me too) the value of some of their assets and land (much of it in the heart of the most prolific land-based nat gas find in the US, around the Barnett Shale or its outskirts area). The Love Cty well they finally got hooked up is flowing way ahead of what I thought it would. The 2 wells in Tarrant Cty I was looking for production way under 3,000 mmcfpd.
Lots of their stuff is turning up roses after years of the opposite. That was one reason this one felt really 'right' in that the biz had turned and it could be seen yet people were actually selling the shares at levels much lower than where it had been valued historically or even recently. And volume stunk then so it was clear to me that anyone that wanted to sell had sold long ago and that what was left were probably devout holders or else people with small positions they'd forgotten.
Anyhow, luck is always good but is just luck. Picking it at $4.3 was not luck IMO. Just some sleuthing around and scouring about for details that others may not notice. Holding some to $20 and then $40 in a matter of weeks is pure luck.

I do like AYSI and its long term potential. That is another long term project of mine that will hopefully pan out to be a 1000% gainer. But there is always risk in the microcap space and they too are not without risks of course.

Good luck, good to hear from a longtimer.

PS- OM, how could you have sold out buddy! I thought we were in this together LOL... Oh well, I'll still hold my little pocket of shares to ensure I watch how the story unfolds going forward compared to what I was thinking would happen. It doesn't help me to learn if I sell it all now without watching closely to see how things go. And this is a constant learning process... Make sure you hold some of that AYSI long term;)

jap1511- good to see you hanging out even if not getting in on the friggin' barreling train. We'll find another eventually but highly doubt it will be anything like a quick gainer like this.
My little daughter (5) has been dancing around chanting "Let's go Mexco!" for the last couple months since I started buying it fairly substantially. Gotta keep a few shares so she can still dance too LOL.
PS- good luck with the AYSI position. I would not bet big on it yet but think it is a good spot to start a position and hope you keep up with the AYSI board. There are some knowledgeable posters and mod and assistant there. I ahve been nibbling on it in this price range.

KiK- haven't looked at that one. I'll take a gander at it in the next couple days. You usually have some good low floater types.

Good luck all! There's no way in the world I would recommend anyone buy this now. At the same time I don't short so am not gonna say short it either.

I will mention I think AYSI is attractive at current levels though and will probably do quite well with time. Good luck all (yes, I mean ALL since I don't like seeing anyone lose $ even if I don't like the person).