<I really hate to use the"ignore" feature, but I may be forced to.>
.... ohh no ! - anything but that. Not the dreaded "ignore" button - puuuuuuh leeeeeeeeeze - not the button !
Ed Wood ? Ed Miller ?? Ed... who (VBG)???
:)
Clarke ole bean; you may be onto something on any irrationality with the NG stocks here. EOG NBL look close to bottom supports and while NG pureplays still allways initially selloff along with the entire patch on Crude Oil weakness; the fundamentals will separate and return as support in due time.
Remember EOG has a bigtime stock buyback approved. I think they are defending $14/15 as the floor here fwiw.
PS KEG kind of intrigues me, I never followed it much. The debt and the dilution did not turn me on and it looks pretty fairly valued at $8-$10. Can anyone give me the upside fundamental arguement on KEG going to say $15 here ?
EPS expectations ? Any interesting analyst targets, comments ?
I am leaning to NBR at $28 ish if seen...
PS - SargeK, or whatever alias you're using today:
FGH - my motto is "why bother". I made the $10-$14 plays a few times in the old days. Sold in the teens, shorted at $11, covered too soon, but made money, called the damn bottom to the "tee" - bought it, margined it - sold the bounce for a 70% major play. Nibbled a bit here of late, but out now - there are simply much, much better plays with equal if not superior upside and much, much less risk.
Again; Make JL show us the money - no reason to get whipsawed in this trading range - only a fools bet here and no one with a double digit IQ trusts any "direction" from FGH's IR, or Press Releases.
Still:
1. Only 14% Institutional Ownership & no big block buying
2. One Million shorts who refuse to cover a "triple"
3. Nothing substantial in the core Offshshore Rig Order area
4. Declining backlog
5. He hasnt shown us ANY money yet - since the merger; only a 17% of total market cap CHARGE OFF - and the WARNING that he can hide future problems in Goodwill and amortize that over 25 years
6. One national broker making it non-marginable
... ohhh yes; this is a real gem aint it...
One last time: Why Bother ?
Sarge; I didn't lose my ass from $18 to $5, I made numerous $2-$3 hits, shorted profitably and a 70% margined bottom bounce - I no longer need to trade FGH in this total high risk environment, or price range... its not a smart trade here - too many better bets.
I do not hold a single share of FGH long, or short, neither did I trade, or enter a single limit order - either long, or short on FGH today. This is simply a - PIG, nothing more, nothing less... |
