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View Full Version : Who told me not to pay more than 8.00 for GW?

jacobnbr1
09-29-2005, 03:06 PM
who told me not to pay more than 8.00 for this??? i think it was at 8.05.
deepinwonder
09-29-2005, 05:08 PM
Me. I've seen this before with this stock and people who bought in on run ups over $8 got stuck. It is not the best driller around, it's one of the worst (edit: as far as stock performance goes.) Maybe this *is* a new day for Grey Wolf, but I would put my money on another driller. I intend to next week, after I see what profit takers do, if anything. You have to do what you think is best, not what anyone else thinks. I don't like all their insider selling, either, Cramer didn't mention that or that they only have a few rigs to make money on, compared to some others. People looking for cheapos keep jumping on this thing.
deepinwonder
09-29-2005, 07:12 PM
PS Keep in mind this jump today was right after Cramer pumped the heck out of it on his show last night, he did that one other time a couple of days ago, can't remember exactly when. You could have gotten it for under $8, this past week.
deepinwonder
10-05-2005, 12:33 AM
There's your price back, if you want it....

After Hours Trade Reporting Tuesday October 4

After Hours
Last: $8.05
jacobnbr1
10-05-2005, 10:14 AM
i already pounced on that oppertunity. secured a small starter position. thanks for the advice.
jacobnbr1
10-05-2005, 10:15 AM
Me. I've seen this before with this stock and people who bought in on run ups over $8 got stuck. It is not the best driller around, it's one of the worst (edit: as far as stock performance goes.) Maybe this *is* a new day for Grey Wolf, but I would put my money on another driller. I intend to next week, after I see what profit takers do, if anything. You have to do what you think is best, not what anyone else thinks. I don't like all their insider selling, either, Cramer didn't mention that or that they only have a few rigs to make money on, compared to some others. People looking for cheapos keep jumping on this thing.

what driller did you have in mind?
deepinwonder
10-05-2005, 11:38 AM
Right now, I would hesitate to recommend any stock to anyone, whew! Cramer has mentioned several really good drillers, I'll leave it on his head. :o