RE: RE: Just the oiljack guys are selling I gotta say, unless you NEED the money, anyone who bought higher and has held on this long would be a tard to sell here. That is why this has traded as it has, downward momentum started from the spartan miss, so the big boys that know there's great value here push the snowball as hard as they can to load up for the next ride.
Currently this is a BUY op... MMT right here is a missed boat. Don't chase.. it's buy low sell high. There is nothing wrong with this play whatsoever, infact it's a great project but it's just been beat up. Not to mention MMT's float is very unattractive, not that I'm a fan on PRY's either.
I honestly don't see a ton of upside right away, so there might be a chance at grabbing some for a buck, which I see as a guarenteed double within the year. Once the S&P and the market in general correct in the next month or so, we'll see money start to flow back into the sector. Q4 report should come in at a good time for some money to bring this back up to less disgusting levels...Then we gotta deal with break-up.. but I think Q4 and waterflood progress will help float PRY up during that slow time.
Anything under 1.10 is a BUY BUY BUY... anyone who is seeing PRY for the first time and didn't get caught in the slaughter is one lucky SOB.
Sorry my post does not contain and great fundamental value, just sharing how I see it.
I think that OJ and those guys take alot of time to post relevant quality information in order to gain the trust and respect of the people who read these boards. Not bashing or attacking anyone, It's just a proper pump and dump the way it should be done. Just mentioning it for the average guy starting out to realize that people have been doing this for alot time, and no when to position themselves, and then really make a story out of it. Again no disrespect to any of these guys.. they do post helpful quality info.. just gotta be aware of the motives.