USEG - U S Energy Corp. Message Board

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Gold/Mining/Energy : USEG - U S Energy Corp.

USEG 1.238

+6.8%

Oct 31 3:59 PM EST

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To: Paul Senior who wrote (78)	8/26/2010 7:03:14 PM
From: Texas77	of 98

Paul, I did bail once but bought back my shares at breakeven. There is a large short position. If the deal they announce can cause the shorts to begin to cover we may have some fun. I had a lot of March options (150 + contracts) that I lost my butt on. I figured they would beat their numbers handily. They did and the stock went down. This stock has been painful for me since the initial run. I think they are way undervalued but with the short position and the pissed off shareholders due to high G&A expenses I have given up trying to predict share price. Lots of cash, solid fundamentals, yada yada yada !!! I think they should trade at least 2X book but not until we can break the shorts. Good luck! This morning I thought we were off to the races then it rolled over and finished red.

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