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Gold/Mining/Energy : Pease Oil & Gas WPOG

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To: Chartgod who wrote (15)10/5/1998 12:41:00 AM
From: michael redmond  Read Replies (1) of 24
 
James Cotton...Am I talking to one of the finest blues harp men on the Chicago scene (probably not) And if familiar with "Big Shoulder" blues, I'm certain you heard that more than once so forgive me :)

On to the little gusher. Well, I can't help but believe that this stock will show some life somewhere down the road. And the reason is pure speculation on my part. They're in the Gulf coast area which breeds the countries finest returns. So maybe it'll be back? (And by "back" I mean $1.28 range. Because that's the moment I will seriously consider bailing.

I jumped into this stock on some major hype from my broker back about two years ago. Who, coincidentally, was hyped by some stock promoters. He (my broker) has since turned negative on the turnaround. (he felt very deceived by the road show promises.) But heck, I'm so deep in the muck and mire now I threw a bit more good money after the bad at .25 and will just hope for the best.

As for earnings, I'm gonna guess third quarter reporting about mid November. What with the summer of discontent and hurricanes, I wouldn't be too optimistic. But then again, there's always merger news for a quick pop.

So ask yourself James, Are you feeling lucky?

Mike
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