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Microcap & Penny Stocks : GW GREY WOLF -- Ignore unavailable to you. Want to Upgrade?


To: Ron logo who wrote (359)3/15/1999 9:43:00 AM
From: Gary Rez  Read Replies (1) | Respond to of 444
 
Ron;

I'm still around on this one. I have traded this stock at least 5 times, recently. I like this stock for the short trades. I have found that a good trade day for GW is when the USA has a bad weather system blowing through it. Like this weekend. We could see a spike on GW today. If so, I'm in and out today for a small profit. The only thing that works against this stock is that the financial status of GW is suspect. I still don't know if the rigs they have stock piled and broken down for parts can be readied quickly if they are needed.

Does anyone know what the life cycle of these rigs are? Do you keep rigs for a long period of time or do you have to replace them? Does anyone know if the merger between El Paso Energy and Sonat will have any effect on GW in the gas industry? Does GW supply either one of these guys with services?

Gary Rez



To: Ron logo who wrote (359)3/15/1999 8:45:00 PM
From: barber  Read Replies (1) | Respond to of 444
 
Ron
Any information on amount of cash on hand?Still long and
buying while price is down.

barber