Halcon Resources Corporation (NYSE:HK)
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An independent oil and natural gas company engaged in the acquisition, development, exploitation, exploration and production of oil and natural gas properties, in Texas, Louisiana and Oklahoma.
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Sold this last month at a 12%+ profit, after holding it just over 60 days, so decided to take another ride, now that it has dropped back down.
In light and will nibble on any dips.
I think they are still a little over priced at $9.00, but I think they will eventually pay off big over the longer term.
In the meantime, if I can "scoop" up profits in the 10%+ range in the shorter term, I am willing to give it a shot.
JMO and worth exactly what I am charging for it.
Have been nibbling and am now in at $8.82.
Will watch for more opportunities to increase my longer term hold position at an even more reasonable price.
They are good long term, but still a llittle over priced right now.
JMO and worth exactly what I am charging for it.
Bought a little more, so now in at $8.66.
Have just over half of what I want for a longer term hold.
Still a little over priced, but getting closer.
Good for the longer term, but will take some time to get there.
JMO and worth exactly what I am charging for it.
Bought some more today, and am now in at $8.48.
Have about 2/3 of what I eventually want, but will wait for now.
Could be a sharp drop when the new shares hit the market.
Think it needs to be 5% to 10% cheaper to get to current "fair value", but will eventually be much higher than it is now.
It will take time, and there will be ups and downs, but for the patient investor, who doesn't easily panic, this is a good investment.
If it gets down to $7.50, you would be in with the "big boys" (of which I am not one:), if you were to buy there.
JMO and worth exactly what I am charging for it.
Going to quit chasing this down, and when I am satisfied it is near the bottom, I will "double down".
For longer term investors, who don't yet own this stock, this is a "fantastic" buy in price.
JMO and worth exactly what I am charging for it.