Yogi,
Clear the decks? Well, if it were a big stock like SLB or better yet a Cisco, then I would take you "NO PO" into consideration.
With TESCO (TESOF), I have to give equal weight to the FA. I know this stocks PO-tential (ggg) is not known well in the US.
I was on the Conference Call and only one analyst involved with TESCO asked any questions and the only other question was from an analyst who didn't know what Casing Drilling was. So he obviously was only beginning his research on this company. Ergo, this to me is a chance at a diamond in the rough.
It is also a stock that will benefit from the more mature stages of the oil boom cycle which we are now entering. So while it has doubled this year, it is in my sometimes humble opinion, just getting started.
The bottom line is, on TESOF, I still listen to your signals, but NO POSITION and even SELL signals at this point only equal buying opportunities in this one. I know this isn't really fair to your system, but since it IS a thinly traded stock for now, and the FA and DD say it has a future
that the market just does not appreciate, as in when the market did not appreciate ESV at 9 (now mid 40's) I think it is a reasonable conclusion. TESOF is just not near as far from its bottom as ESV is at this stage of the game.
It's time to get off the bench and swing for the bleachers is coming.
Best Regards
Roebear |
