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EnigmaDude (97.64)

Sometimes better to be lucky than good!

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December 04, 2009 – Comments (2) | RELATED TICKERS: GOK

I saw that Geokinetics had dropped the other day and went to look at their stats.  This is a stock that I had rated outperform in the past and had them on my watch list.  What I saw was a bad reaction to their latest earnings report but I still felt they are a good stock for long-term hold.  So I added them to my CAPS picks.  Apparently my timing was perfect!  They announced the same day that they were buying another company's data library:

Geokinetics Inc. (GOK) will buy Norway-based Petroleum Geo-Services ASA's (PGS.OS) data library business in a $210 million cash-and-stock deal.

That sent the stock higher and its still going up from there.  Wish all my calls could be so lucky!

2 Comments – Post Your Own

#1) On December 04, 2009 at 2:43 PM, BravoBevo (99.97) wrote:

Nice pick.

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#2) On December 04, 2009 at 3:23 PM, EnigmaDude (97.64) wrote:

BB - Thanks!  Now if I can just pick 'em as consistently nicely as you have I'll be in good shape!

I did like what I saw in Ram Energy (RAME) as a result of reviewing your latest picks. So we'll see how that works out.

Also added KMG Chemicals (KMGB) today.  They report earnings on Monday so I may have another nice pick.  Then again...

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