Post by
takingthemon on Oct 16, 2013 9:53am
Its been a fast run
I wrote last time that I saw things evening out around the $1.05-$1.10 area. I was looking for a rebound back to the $1.20 -$1.25 area in a short order. Here we are. I will selling into the strength moving toward the $1.25 area. I am keeping 1/4 of the shares as they are now considered shares for the longer term.
Hope many of you followed by buying in around the same level.
This stock as I have wrote before will be choppy until they show earning ramp up and the balance sheet is cleaned up. I am expecting that a new date for the pipeline will be announced soon. Q2...Wade has already indicated that permits are still outstanding, Right of way is still outstanding for the Phase 2 portion, weather is setting them back...etc etc. This all means longer times for completion.
Regards
Comment by
sgandza on Oct 16, 2013 1:29pm
The last news release already said that the pipeline will be completed in the "first half of 2014" - q1 is likely long gone.