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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (38536)7/16/2010 4:33:10 PM
From: E_K_S  Read Replies (3) of 78701
 
I too took some shares of XOM at the close too (@ $57.96/share). I missed picking up CNX but will try again first part of next week. Volume was low across the board and the retail sellers continue to throw out their stock for sale.

Lots of stocks settled near their strike price w/ high open interest (typical pattern for option expiration). Was not able to pick up my swing trade position for Monday.

Hope to get into TPZ next week. Fund goes xdividend ($0.125/share) around the 20th. I may not see $20.50 but I bet it trades below $21.00/share.

EGAS showed good volume (2.8x average volume) and at one point traded as high as $12.85/share. Up over 15% in 5 trading days. This is typical for an under valued small cap but not typical to see this on a 3% down day. Just have a small tracking position. As I continue to research it, I really like it. They own 41% interest in 160 producing NG wells located in North Central Montana (pg-5- of report: phx.corporate-ir.net ). The typical NG well produces over 30 years almost double that of the standard liquid oil well. Seems like a hidden jewel in their war chest for this very small company (Total market Cap $65 million - 6 million shares outstanding). As the story plays out, I will probably be adding to my EGAS position.


EKS
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