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Precision Drilling Corp T.PD

Alternate Symbol(s):  PDS

Precision Drilling Inc is a Canada-based drilling company. The Company is engaged in the exploration and production of oil and natural gas. Its services include North American drilling, international drilling, oilfield equipment rentals, camp & catering services. The Company technology includes AlphaAutomation, AlphaApps, AlphaAnalytics and EverGreen.


TSX:PD - Post by User

Bullboard Posts
Comment by ronaldcoon Nov 08, 2012 8:27pm
172 Views
Post# 20579387

RE: RE: RE: "Race horses"

RE: RE: RE: "Race horses"

Glad you where able to break even, the post you're referring to I posted 3 days ago.  I don't know anymore than anyone else what Rim will do short term, and although it's down now, it could be up 10% tomorrow; that's how crazy markets are.  Maybe Rim is a 15$ or 20$ stock, I don't know, but I'm pretty sure that 140$ is history unless like I previously said they come up with some new hot product.   For me, when I invest, I make sure that if I buy a beaten down stock, I can hold it even if it goes down more.  That was the case when I first bought Bank of America, CitiGroup and JP Morgan last year.  I have great returns from these stocks this year.    Bank of America is up 70% and I will continue to hold and wait for the US to recover.  Stocks like Manulife, Precision Drilling and others will require more patience.  I know it's frustrating owning stocks that don't go nowhere or are down from what you paid, but if you taught Precision was a good buy at 10$, it should be a better buy today and should be buying more and not selling.  You could have sold PD yesterday, bought a safe stock like Tim Horton and you would still be down 5% today.

 

Bullboard Posts