Post by
gravescot on Dec 21, 2012 7:22am
More downside?
I'm in on this stock at just under $4.00 so had already taken a bath prior to yesterday. As the yield after the merger will still (probably) be in the neighbourhood of 10%, I am inclined to hold on to see what happens in the mid term. My main concern is if there will be any further downside. Does anyone see this or is it the feeling that we have bottomed out until the merger?
Comment by
jacek99 on Dec 21, 2012 9:12am
I would the bottom is in. Big volume yesterday, so I'm hoping everbody that wanted out, got out. I am quietly optimistic it will slowly march its way back up towards the $3.30 mark over the next 1-2 months. See, though there was a huge selloff, somebody was buying as well. Somebody sees value there.
Comment by
svager on Dec 21, 2012 9:16am
I was buying and will continue buying if it continues to go down.
Comment by
jacek99 on Dec 21, 2012 9:43am
Does anybody see thing we'll get to the $3.32/share from the merger, in the next month or two?
Comment by
tipit55 on Dec 21, 2012 9:46am
I'm buying. Look at Baytex & compare. I see us in the mid 10 by next year.
Comment by
gravescot on Dec 21, 2012 10:25am
I honestly can't see management being so dumb as to throw out the baby with the bathwater so am hoping that they see something in new entity that will move us forward. Having said that, all my big divvy holdings have taken hits lately (DGI, JE), so maybe its time to rethink the strategy...
Comment by
svager on Dec 21, 2012 10:32am
Wow 10 bucks !?!? You are an optimist...
Comment by
tipit55 on Dec 21, 2012 10:36am
Do the math per share you will see positive growth.
Comment by
eusdond on Dec 21, 2012 2:53pm
Down another 7% today and it ain't over yet... The market had more time to analyze the deal and decided they REALLY didnt like it even more... Duped by management again...