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Re: vegas blackie post# 274

Saturday, 01/31/2009 1:29:02 AM

Saturday, January 31, 2009 1:29:02 AM

Post# of 1177
I agree with what the charts show but I also know that last week we had 3 or 4 buying ops below my 2.50 target with a interday low of 2.44 on Wed?.These swings have made me a little money.This week was the sell week and early Feb.will be the next buy.The chart points up but results for last quarter will be enough to send stock close to $2.Also I believe the first quarter of 09 will dissappoint;production will hit 15000 bbls but the price will be 1/3 of last June,a smallwe increase in revenues then expected.JMO,I don't think the trend line will hold.The swings of 30-40 cents seem small but for a 2.80 stock thats a nice profit on a percentage basis.I could be wrong and if the price of oil goes up I will be wrong.GLTY,and your chart reading is spot on!It is a good stock,with great management.Again just my opinion.
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