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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (42576)6/6/2011 3:56:28 PM
From: E_K_S  Read Replies (1) of 78595
 
Re: Abraxas Petroleum Corporation (NasdaqCM: AXAS )

Doubled up on my AXAS position. Still a pretty small position compared to my top 5 E&P positions in my basket. Trying to buy back my DBLE Oct $10 covered call but so far no takers at $0.25 (sold them 4/4/2011 for $1.20). Once they nibble at my offer, I may consider adding to my DBLE position.

Still a lot of down draft in these E&P stocks. Be patient and nibble at the bargains from time to time.

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Also looking at some adds for SVU if it works its way back into the $7.50 range.

EKS
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