GREY:OLEPF - Post by User
Post by
tony1969on Mar 01, 2013 4:18pm
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Post# 21064661
I sold some OLE today and bought some TGZ....
I sold some OLE today and bought some TGZ.... I figured they are both trading at 52 week lows and they will end up together regardless. TGZ has the upper hand here as they can wait this out. I still own more OLE than TGZ but I am just hedging my bet as both stocks have about the same upside from here. Mackie just put a buy on TGZ on Feb 22nd and the lowest target they have is $2.50 by all the analyst that cover them. I also figure that if and when they do buy OLE, TGZ will share in the growth of the OLE property. I paid between $1.35 and $1.36 for 25k shares there at the close. I just believe it is a safer way to play the future of this property.