GREY:HYKCF - Post by User
Post by
valueplaysonlyon Oct 25, 2012 5:48pm
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Post# 20525054
I dont see any one making offers
I dont see any one making offers This envoirnment is way too uncertain . Oil has free falled ten bucks in the last 6 weeks and shows no sign of bottoming out. Precision Drill had terrible results released today. When I see "the data room " opened its my cue to sell. How many other companies have put themselves on the block for sale with no takers. It just amounts to a " free peek and seek" with a bunch of tire kickers. If you put yourself for sale you never get offers. Companies taken over most of the time are " not up for sale " reflecting a desirability over a sign of desperation. I think Q3 will be ugly just as PD released terrible results. This had big volume in 58 cent area and then a climb to 85 cents and I will look for retracement to 65 or 70 cents before I re consider.