Post by
dbeaude on Oct 10, 2013 8:15pm
Everybody though Bankers Petroleum was finished as well....
Last year the stock tanked from almost $10 in 2011 to $1.37 last summer.....the market thought the company's reserves were in real trouble with the water and sand intrusion into their wells. Well the stock closed at $4.10 today and climbing.
So, it may be something serious but it also may be something not so serious but the market is over reacting as usual. You know, I have seen the market over react many many times before and end up being totally wrong in the medium term.
Comment by
mugs19 on Oct 10, 2013 9:03pm
But you have to admit mart's chart is extremely ugly for the last nine months. Wade keeps issuing shares to mnmt and no control over the oil "theft". I had a line at which I would dump all remaining shares and we hit it today. But I will be watching for the fun (pain?) of it. GLTA