Approach Resources (NASDAQ:AREX)

JosephCam82 (< 20) Submitted: 2/19/2011 12:40:55 PM : Start Price: $32.44 AREX Score: -12.44

Keeps adding to reserves and makes some money, but ... Can someone give me some insight as to what is driving this stock over the last 6 months at such a steep rate? I have owned it for 3-4 years and bought it again at $6.6 in Jul thinking it stood a good chance of rising to $10. Now at $32+. No reason to be upset of course -- just smiles. You almost never hear talk of it on shows like Cramer's etc. But there it is rising like gang-busters with advisors recomm buy. I just don't want to take a rollercoaster ride, like the CLR of 2006-2010 -- $20 --> $140 --> $40 --> $65 -- still made money on that too!