Stockchase Opinions

Robert McWhirter Oilexco Inc OIL-X SELL Apr 29, 2009

(Market Call Minute) Better opportunities in other names.
$0.145

Stock price when the opinion was issued

oil gas
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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.