Replies to This Discussion

Permalink Reply by Carter on December 7, 2010 at 11:45

weekly chart.

First target is $4.00 but looking for higher. If you'll look back at my posting history, I've been pushing CXPO under $2.75 earlier in the summer. I was a couple months early with what I was seeing, but I believe this time we push through $4.00 resistance and its off to the races.

Congrats to anyone who is riding this with me.

Permalink Reply by 5thGenTexan on December 7, 2010 at 12:52

You can thank me. I have sold 1,000 share in the last two months. Locked in some "short term capital loses". When I sell, things go up!

Did hang on to some lower cost shares though.......

Permalink Reply by Martha McWhiney on December 9, 2010 at 21:12

yahoo!

Permalink Reply by Carter on December 7, 2010 at 16:28

yeah, it wanted to break earlier in the summer but overall market was too weak, and no volume was coming in at the summer tops, which spooked me. i had built up a decent position at 2.70-2.80 level over the summer that I let go for smaller profits than I wanted. Bought back the position at the 3.15-3.20 areas when I saw volume coming in and the over all market was going up. That weekly chart looks good over $4 but the question is can we get to $4 and hold above it. Good luck.

Permalink Reply by Carter on December 9, 2010 at 5:42

HOUSTON!

Permalink Reply by Carter on December 9, 2010 at 5:47

We took out $4.00 and now pulling back (bullish) if we can hold trendline

Permalink Reply by Carter on December 9, 2010 at 5:51

CXPO can double from here, easy. You can buy here, or buy at $8.00, b/c that is where its going.

Permalink Reply by Carter on December 9, 2010 at 10:04

Up over 6% today on 2 1/2 times average volume.

Permalink Reply by Carter on December 10, 2010 at 4:03

Trimmed back my position this morning.  Hopefully will get a dip to buy back. Long term thesis still intact.

 

GLTA

Permalink Reply by Wilma Watts on December 10, 2010 at 8:04

CXPO is a winner, glad to see it run. These guys issued a report on the energy sector and they have a position in CXPO they note in the report. The following is their discussion and link

*************************

Not great news for the auto sector, but higher fuel costs could lead to some exciting technological advances in the future. Am looking forward to seeing the Volt in person, although I have real questions how well it would run in a cold Michigan winter morning.

In the December LSGI Energy Report we discuss:

- The International Energy Agency (IEA) raised global oil demand forecasts
- The implication of the IEA's comments that global production of crude oil peaked in 2006.
- Merger and acquisition activity in the oil and gas sector
- UK Industry Taskforce report on the “Implications of the Gulf of Mexico Oil Spill”
- Two very active shale plays - the Eagle Ford Shale (Texas) and Bakken Shale (North Dakota)
- Triple digit crude oil pricing forecasts for 2011
- Long term weather trends for the winter, and the impact on natural gas usage
- The investment outlook for smaller companies
- Two companies in the LSGI portfolio: GeoResources (GEOI), Crimson Exploration (CXPO) and FX Energy (FXEN)

The Report can be accessed at the following link:

http://www.lsgifund.com/LSGIRMK/Dec_energy.pdf

Permalink Reply by GoRicky on December 12, 2010 at 7:42

I bought @ about $5 in May.  Keeping my fingers crossed - what a ride!!

Permalink Reply by Martha McWhiney on December 17, 2010 at 19:13

I've been asked about how long will it to take to get some of out royalty checks in our hands from the Gobi Wells? Does anyone out here have any new information on this, would really like some new!

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