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Re: XEC is in serious 'buy' territory again ...

By: monkeytrots in CONSTITUTION | Recommend this post (0)
Fri, 19 Aug 11 5:14 AM | 39 view(s)
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Msg. 14542 of 21975
(This msg. is a reply to 14540 by DueDillinger)

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Due, quite possibly. Yes, it could get weaker - but given the financials of this company and their production values - I really don't expect it to go much lower. I think today was the taking out of the 'stop losses' - which are SUPPOSED to be confidential, and not 'available' as info to the market - but which you and I know is pure bullshit.

Just my take. If'n i hads moh mullah rite now - would be putting a decent percentage of that into it.

Been wrong before, will be wrong again - bottom line, I don't worry too much about 'hitting the low' - just buying at a decent price. That's all - not a reco for anybody to 'jump' whole hog, not a reco AT ALL - not my way - just an observation that it IS into 'buying territory' again - and, as you pointed out, weakness is here.

Might it go lower, a whole lot lower ? You bet it could.




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The above is a reply to the following message:
Re: XEC is in serious 'buy' territory again ...
By: DueDillinger
in CONSTITUTION
Fri, 19 Aug 11 5:05 AM
Msg. 14540 of 21975

XEC is a long-term winner, mon, but although it would have been wise to have bought today's weakness, I expect to see further weakness as we move through crash season. There's plenty of downside possible for this one before it regains its value. Accumulate on weakness and sell into strength rather than plopping down a big bet guessing at a bottom.

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