Strictly: Oil and Gas Exploration Companies Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Oil and Gas Exploration Companies

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: PuddleGlum who wrote (68)	10/19/1998 2:24:00 PM
From: SliderOnTheBlack	Read Replies (1) of 318

RRC...up 50% on an ''expected'' <VBG> bounce... <<RRC may be a huge bounce play for Monday as well, sold off friday on a couple of huge block sells; a recent merger and has big tax loss selling - I think it is over now & the company has committed to a buyback (maybe buying big monday?) and isssued one of the strongest rebuttal press releases I've ever seen in response to a blowoff.... this will be a huge 18-24 month play; RRC could conservatively be a 5 bagger in 12 months and 8 bagger in 24 mos. . >> biz.yahoo.com This was an end of day response to its friday selloff; this is as strong as a market reaction by a company as I've seen. I knew they would be buying today as well - to $8 is a STRONG BUY imho. Jack Aydin a veteran oil analyst with McDonald & Co. featured RRC formerly Lomak & Domain (merged) as a featured BUY in his Barons Article 2 weeks ago; also Microsoft Investor had RRC on their value list I believe. This was the most common sense fundamentally strong buy I've seen - it was a sheer mistake at this price... I think the E&P's may be the high return play as they are not ''moving'' up with the service & drillers. Again; I hope to move some driller & service profits off of these moves into the E&P's.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next