Stockchase Opinions

David Chapman Oilexco Inc OIL-X BUY ON WEAKNESS Aug 04, 2006

Broke out of the May/July channel and has moved up from that time. You have to be careful in buying at this time, because it has made quite a move. Getting close to a possible target zone. Volume is double what it normally it is which is a very positive sign.
$7.310

Stock price when the opinion was issued

oil gas
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SELL
(Market Call Minute) Better opportunities in other names.
PAST TOP PICK
(Top Pick Apr 4/08 Down 99.20%) Got into a debt problem. Company got blindsided by the storm. Management is trying to resurrect company. If Chrysler can come out of bankruptcy, then so can Oilexco.
PAST TOP PICK
(A Top Pick June 3/08. Down 99.34%.) Sold his holdings last summer/fall. Company has now been acquired.
SELL
Got into difficulty so sold their assets. Can't see any upside for this.
PAST TOP PICK
(A Top Pick July 2/08. Down 99.65%.) Sold it out at about $10. Tax loss seller.
PAST TOP PICK
(A Top Pick June 3/08. Down 99.59%. Has moved to a different investment firm.) Had a stop loss of $11 so would have been down 31%. Company is now bankrupt.
DON'T BUY
(Market Call Minute.) A lottery ticket.
PAST TOP PICK
(A Top Pick July 2/08. Down 99.89%.) Couldn't raise their needed money. When he saw the stock is breaking down, he sold.
SELL
(Market Call Minute) If you can get out, then get out.
COMMENT
Has potentially blown up in bankruptcy. If you own, take your losses and move on. You could also talk to a stockbroker to see if there is any “over-the-counter” trading. If so, Sell.