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Gold/Mining/Energy : Big Dog's Boom Boom Room

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From: Ed Ajootian	9/25/2006 8:43:56 AM
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WARR/SPN -- Warrior Energy Services announced this morning that they are being bought out by Superior Energy Services, at a huge premium to WARR's current stock price. We will have to wait to see how much the market hammer's SPN's stock today to get a better picture of the real premium, but as of Friday's close the take-out premium would work out to around 80%. Congrats to WARR fans. I had bought some of this several months ago, subsequently averaged down a bit, but then I recently blew out all but a token position as the stock price totally disconnected with its fundamentals. I guess I shoulda been more patient with this one! Needless to say this should help the OSX cause. When takeout premiums get up to the 70-80% range it tells you that there is definitely something weird going on in the markets.

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