Catching a Falling KNIFE with my teeth Today’s investing GURUS love it. Paul Colby is in big $$ in 2 weeks’ time (MONEY WHERE YOUR MOUTH is) Why not join. I have joined in. Although I believe that a good investor cannot be greedy. You need to have cash to keep buying this stock up as it moves to new 52 lows. “catching the falling knife”
A few questions for longs. What was SURGES IPO issued at? I hear $4 but was it lower? I ask because someone as per Campbells spiel is dumping. Are they bleeding or are they even? Anyone got comments on the seller. I do see a lot of retail buys and sells that are just baby investors who buy at 3.60 and the stock drops to 3.46 and they get scared and sell instead of buying.
| | Q1 2013 | Q2 2013 | Q3 2013 | Q4 2013 |
| Average Production: | 9,600 | 10,100 | 10,350 | 11,165 |
| % oil and NGLs: | 72% | 72% | 73% | 74% |
| | $ 52,000.00 | $ 49,425.74 | $ 48,231.88 | $ 44,711.15 |
| | | | | |
Above
is why I invested. I see Surge trading at 52k / flow boe. This table is basically from their last release stating the company direction. Basically as the company grows their production 52k/boe x 11,165 boe = 580 mill market cap. if no shr dilution happens this makes for a $8.10 stock.
Following O/G stocks TOL is being bought up by 2 firms and basically hostile takeover is in the air. This could happen here. Except Surge is a better deal because the assets are better. So a takeover is being talked about on Surge.
I know the term being thrown into the penalty box and understand it. You just need a stomach for seeing red and keep fighting for a good position till the fields are green and you see goal posts.
great opportunity to buy on fear and sell on greed.