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Strategies & Market Trends : Contrarian Investing -- Ignore unavailable to you. Want to Upgrade?

To: gcrispin who wrote (207)9/17/2006 9:41:15 AM
From: pcyhuang  Respond to of 4080
 
Bruwin & Grispin:

"so I’d be interested to read what you, or others, believe caused its recent fall in price."

An important reason is the massive insiders' selling since March 2005 -- a total of $143,500,536 worth.

secform4.com

Despite its apparent good value + capitulated volume in recent days, I would like to see some insiders' activities in replenishing their stock positions before PTEN can be fully qualified as a timely contrarian investment.

pcyhuang



To: gcrispin who wrote (207)9/17/2006 10:38:52 AM
From: bruwin  Respond to of 4080
 
Yes gcrispin, it looks like the price of the Resource could have affected the performance of the company.
Probably one of the reasons to be very circumspect when investing in Resource-based companies that are very reliant on the price of their resource. There's not much that even the best Company Management can do about something that's beyond their control.
Much the same, I believe, can be said for Mining Stocks etc..


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