Looks like a bottom today
I have been scaling in to this play and today's action looked like a bottom was put in at $2.46 and then it bounced off of it and closed at $2.75. Let's get some chat going on this board. I am loading up. I am following the big money with this play. From my calculations there is insiders holding 48% of the outstanding shares (153 million shrares of the 316 million outstanding shares). And then between Mutual Funds and Institutional holdings they are holding 25% of the outstanding shares (81 million shares of the 316 million outstanding shares). These are numbers that I am finding from Barron's. If someone has better numbers please present them. I remember someone posting not too long ago that they came up with a number around 65% insider and institutional holdings. Mine is 73%. I think you forget about all the noise about the oil glut and price and so on. Just buy PRE at this level and hold it. It will be $4 again soon enough.