RE:RE:STILL LOOKING FOR $6.00.Oldnagger and I messed up here.
I took advantage when that block of 1.5m shares was for sale in IPCO at like 4.50 ish. It artifically was supressing IPCO and i was fairly sure this would rock upwards as soon as the wall was taken out. This part I did smart. But I got frustarted with my broker not letting me margin. I am not used to putting it up dollar for dollar on a stock 4.50.
Ended up selling all IPCO at under 5.
I do want to rebuy back in, maybe even tomorrow if I can.
I want to buy back under 5.30. Fairly obvious this is going to 6 bucks if oil prices hold...matter on the day it happens....
Natural gas is even strong compared to the sub 2 bucks a person would see in the non heating season months.
3 plus NG is really good for IPCO suffield production. Brent oil is nice price for IPCO international stuff.
The bid and ask can be so wide...can be tricky to buy sometimes
Oldnagger wrote: Just bought back in. I am not too late for this party. Kavern has it right, these guys are now spewing cash flow. BTW IPCO is marginable at 50 % with the banks !!