RE:RE:PHM
lol phm, it did run to about 2 bucks after i recommended it at around a buck or so, I bailed on it and lost a small amount, talk about a disaster, wouldn't touch it with a 10' pole now. it was the flavor of the day at the time and over hyped like that whole sector was.
you can mention my prw pick at .22 though if ya like, it's more than a double and will most likely double again in the next 6 months or so. I'm riding about 100k free shares on that one now.
different opinions are what makes a market.. I have been more right about iae than any of you by a long shot from selling at the peak and if not for delek saving the day and the dedges iae would've been toast a while back. I changed my view on survival and saw a decent trade after I saw the 4th q report. if oil settles and trades where i think it will i still think iae may nota be a survivor a couple of years down the road if they have high decline rates on stella sooner than expected. i think they realize this and may not prodcuce at the full 30k production rate, hence the 20-25k guidance.
anyhow i think it still has room to run for a bit and i hope others are right about a delek takeover.
pofs management didn't build up a 1.5 billion dollar (or whatever the exact number is) tax credit by being good operators. they have been a miserable failure at making shareholders money so far. they weren't making money at 100 buck oil a few years ago ffs and had the idiotic sense to turn down an over 3 buck takeover price back then. now watch the faackers axcept one for less than 2.
i hold about 30 or so stocks and have only 3 that are actually down and only one of those is a one i'm sure will be a tax loss the other 2 i expect to make a profit on and at least they pay dividends. also have 2 recent purchases last week which could end up losers ,lol.
cheers ferret