re Abrx Hi RRainman. Congrats on your Scandahoovian oil drillers. Dno and Par are outperforming my beloved TGA. That "basement" oil in Yemen is interesting. That's going to cause most of those involved over there to drill a little deeper in future drillings, just in case.
Abrx is a mystery to me. Below 8 p/e now based on past earnings. However the next few qtrs are going to be a disaster as they try to recover. Going to have to rebuild customer confidence and that means higher quality and low prices. That leads to losses near term as they tighten up procedures and get outside verification that everything is being done to ensure accuracy. Plus the law suits are going to come flying from investors. No CEO and the need to fix or at least review many procedures is going to take time and money. When they are ready, I don't know if their customers will be ready to order from them. Disruption in supplies will give competitors a great entree to steal their customers. Only way to get customers back is lower prices. Not exactly the way to higher profits. That's my pessimistic view. There might be a profit in trading the stock but it sure looks risky to me. Bobwins
There is probably a short term bounce in here but I am not good with technicals so I am not going to play it.
Please post stock symbols first in all your posts. If it's a foreign stock, please list the US pk equivalent symbol.
If the Commodities Boom is Over, I am just a Gold Bug headed for the Windshield of LIFE
