GW GREY WOLF Message Board

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Microcap & Penny Stocks : GW GREY WOLF

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To: JGreg who wrote (308)	7/31/1998 8:47:00 PM
From: JUGNI	Read Replies (1) of 444

Sad to see this come down to $2 . I guess investors are loosing confidence, with oil prices down this low who wouldn't. I guess you can include me with them too. I made some decent money with GW riding it as high as $9 and getting out when it was time to. I traded it around $4 again. Bought some more at $3 but didn't have the stomach to see it break below $3 mark. I guess i was right again, thanks God i didn't loose to much. Now that it is at $2.... ( today's close) it looks awfully tempting again, but wait we might even see dollar if the selling continues . To answer your question i think if trades below $1 then the de-listing starts .... I guess, according to Jim's posting their Rigs are operating at 50% right now , that is neither good or bad depends how you look at it . I think the only way GW can go up at this point is if there is some sort of Middle East tension again.(ie) Iraq or Iran. other then that i think oil prices are going to stay this way until next year or so, not if we get extreme cold in the North. These are my opinions only and may or may not help you at this point.

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