RE:BAYSTREET.CAmoing averages? on a stock that TRADES ONCE A MONTH? lol
my gawd freeDUMMIE, you are some stupid if ya think techincals are a good indicator on kfg stock...LOL
the stock goes weeks without a tarde, not a single trade.... yet this DUMMIE thinks it reasonable to use technical indicators on this stock.... the guy is brain dead....LOL
only thing to consider is what can they get in a sale of the entire company....?
is it worth more than a nickle? is it worth buying shares cause they simply have to sell it, or they bleed to death over the next 3 years.... sell or bleed out!
they got very little in reserves.... maybe 200K on proven oil reserves....LOL and that is spead around 20 wells...LOL
this is rubbish.... but 60 bopd has some value.... and the market has it valued at $2.5 mill
perhpa some upside, but they need somoen to pay for all their sales expenses and then a premium on top of that to make a penny here.... and then there is no guarantee they can find a buyer of their small assets....
what this is is a mess, a bunch of junk wells, lousy assets, but with zero debt..... the assets in another hand could mean they could leverage them a bit.... so maybe some value there in the leverage possibility.
hmmm... a nickle.... if I can buy share at 3 pennies, I will...LOL