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Comstock Resources Inc T.CRK.DB


Primary Symbol: CRK

Comstock Resources, Inc. is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of oil and natural gas in the United States. The Company operates through the exploration and production of North American oil and natural gas segment. The Company primarily operates in the Haynesville shale, a natural gas basin located in North Louisiana and East Texas, with economic and geographical proximity to the Gulf Coast markets. The Company is focused on the development of drilling opportunities in the Haynesville and Bossier shales and exploration activities in Western Haynesville play. The Company has approximately 2,959 drilling locations on its Haynesville/Bossier shale acreage, where the Company estimates to have 4.9 trillion cubic feet equivalent (TCFE) of reserve potential. The Company owns interests in approximately 2,478 producing oil and natural gas wells (1,516.7 net) and operates 1,703 of these wells.


NYSE:CRK - Post by User

Comment by December3on Apr 04, 2012 12:29am
320 Views
Post# 19756630

RE: sell at .62

RE: sell at .62

The sell at .62 wasn't a sure bet. They would only have purchased if they had enough shares tendered.

.

How much of a locked in written, bonded, signed, sealed and certified "guarantee" does one need in order to act?  That was as good as "free money" gets!  It was ultra low risk!   Sure, I get it, it is easy to find some kind of "risk" in any situation and use that as a reason to take no action.  I and a few others here pounded the table on this issue, but either it was too scary or too small potatoes for most to adopt.  So they held their shares and didn't buy any additional ones.  Me?  That low risk, "free money" trade was one of my top ten trades for the quarter.

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As I pointed out before.  Professional traders will take a low return, low risk trade any day.  While the retail traders is always flailing around loosing money because he's got millionaire eyes and is always swinging for the fence.  Games are won by stringing together singles & doubles and the trading game is won by locking in a steady series of small gains. You'll make more progress locking in a series of nineteen 5% gains than swinging for the fence and perhaps hitting on one in 20.   That is what the pros know, so if one is swimming with the sharks, doesn't it make more sense to learn to play their game then act like chum?

.

I'm just sayin'

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