J Q Public; you got guts buying MEXP here... I am not so sure...
Man; where do you get all the cheese ? Are you printing money in the basement ? (VBG) Buying EEE, buying RRC, buying MEXP here, now ?
On the MEXP subject; folks, there are times where catching a falling knife and averaging down is a good play; but when a micro cap company facing bank credit line/refi news is stone cold silent - dump it.
Reward companies that have analysts who step out and pound the table like Deutsche Bank did; RRC had continual Press Releases and their CEO directly answered the stock price collapse last fall with one of the very, very best PR's I have seen.
EEE's CEO did the same thing; now I have not done the DD on EEE; so I am not commenting on buying, or selling EEE; but when a CEO goes public and pounds the table on defending the stock price; at least you know the SOB is willing to publically put his reputation & ass on the line. - now when you see insider buying as well; then you got a reason to chase falling knives. With MEXP - the technicals are the entire story. This stock has no support under here guys; this could be a damn $1 overnight.
Now I am not backpedaling on their fundamentals; but we all get surprised by bad news - EEX on their dry holes is a good example. You can not be psychologically, or emotionally married to individual stocks.
If all hell breaks out - SELL & do not hesitate; and folks, all hell is breaking out on MEXP.
IF RRC crashed down through $4 3/8ths ish - would I ride it to Bankruptcy ? - NO.
Take your capital, protect it- get out ASAP; and either re-enter when the public info comes out (if it does) or take your money to live another day and fine something that is a winner... damn, GLBL, or HOFF, FLC on any selloffs lookin good imho for example.
In E&P's - RRC is my choice - and the short covering is a huge story, but CRK is fine, OEI is a gift, XTO looks good, MRO on a bigger cap play... they are out there; if the bottom falls out - do not be the last man standing... |
