Like ten-bagger...
Not quite but you have the general idea... This market sucks for all the right reasons.. Speculation had a hold on several sectors and they have come apart... Banks which is the other sector that I trade has had its promotion as in oil and gas... Just recently stocks such as FBR,NARA,DRL,and RGF have gone from high growth to high resignation rates...News due to regulatory BS takes longer to surface and when it does the haircuts due to price movement are fast and ugly.. Bank stocks have the best research on the street and when mistakes are made heads roll... There is no head rolling on the oil patch.. Data on any well lead people to speculate and to disagree but not to answer for their mistakes...Constant Oil down drafts have wrung out the speculators on all but the penny stock promotions,, most trade at 50% or less of thier highs and they are going lower... These promoters never go away and they operate in gold, oil and any other group where a drill goes into the ground... A drill in the ground in itself breeds speculation.. Today with the high day rates I don't want to speculate... If the well had the proper documentation there is plenty of money on the sidelines to complete any well or field and carry that small company for free.. A prudent operator solicits partners,,, It is the way the oil patch works.. I do not wish to be in or trade any dream... there is just too much reality among the junior oils to have to speculate... The cheap will get cheaper and those that run thier companys by press releases should be on the top of your sell list... The ASPN deal with uranium is like the fox in the hen house and raises my opinion of ASPN greatly... Management at ASPN has street smarts and is a winner... To find the winners in the oil patch is not hard... They all sell close to thier highs and have proven reserves and production... most are PR shy and hate press releases,, but when they speak they carry a big stick and have my attention,,,ASPN certainly has... I posted a few days ago my positions and except for the oil sands companies and BSIC they are all intact... I love the oil sands story but they trade more like the dow than oil... Excess cash has all gone into GOOG along with my Margin... Goog is a Cramer idea that seems to be an easy double over the next year... At least It has stayed above my inital purchase,,, even on down days...Not a VM but I treat it like cash...hank
Please post stock symbols first in all your posts. If it's a foreign stock, please also list the US pk equivalent symbol...
