RE:RE:Oil and NG generalist investors - toes into the waterBarstoolSage wrote: malx1 wrote: Be patient. This is a $16 stock dressed down in an $8 plaid suit with worn-out elbow pads.
Picked up 200 more today lock in monthly yield which will increase and become (y)our $16 stock.
Watched it all on stockwatch too
I got 100 at 8.56 from 1Anonymous the another 100 at 8.61 from 79CIBC who were active yesterday too....
Then GH closed on the NEO and Pure both establishing 8.51 just before closing
Something else we may be bumping up against is investors growing impatient.
They see oil and gas stocks rallying daily, some are 3-5x off their lows.
People are attracted to the action. They toss out safe, slow assets and load up on momentum without paying attention to risk.
GH will be 4x off its lows down the road. I'm fine with that.
Some O&G stocks will be 20-40x off their lows.
So money will shift around until it finds its objective.
Nice work on the sub exchange reading. Now we have a new 'transactional' analyst on the board.