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Re: Its complicated post# 6530

Tuesday, 11/27/2012 3:33:17 PM

Tuesday, November 27, 2012 3:33:17 PM

Post# of 8779
I like HUSA, I have been watching them when their stock crashed to $2.50 from the high $20s when sold their wells. and that was over a year ago. I kept watching them along with S and CLWR when they crashed respectively to $2.10 and $0.89. I like companies who had a path of success and when they get in trouble they almost every time rebound. the same happened with Apple and CITI. anyway for HUSA I kept watching it while it was sliding down al the way to $1.35, at that price the stock was attractive but still was risky by my standards. I like to buy into the news or when the stock starts climbing. Good enough the stock crashed when they didn't find oil on the last well to $0.39. I kept watching till October 31st when they announced that finished drilling their latest well. I then bought at $0.52. To be honest with you this is the first time in a long time that I gamble on a stock. however; the odds are in my favor and I believe given the experience they have there is a 75% chance they hit oil. if they do this stock will be trading above $5 next month and if they don't it will go own to $0.2 but should correct back to $0.35-$0.45. I am long this one because the company has potential to grow and make shareholders a lot of money as they have a lot of field to explore. I made money with Sprint and CLWR as well. I didn't buy at the lows but I bought on the way back up. Good luck :)
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