Cubic Energy, Inc. (AMEX:QBC)

goldminingXpert (99.72) Submitted: 1/15/2009 5:38:06 PM : Start Price: $1.78 QBC Score: +11.40

Fifth red thumb, here's one of my earlier pitches on this stock tout, ehem, company."Let this be a note for the future. When I hit #1 here in the future and people look back on my picks I will be criticized for picking .ob stocks. The thing is, a lot of bulletin board stocks I pick on have many stars. This piece of refuse for instance has 3 caps stars with 55 suckers (scratch that, fools) calling outperform and only 4 enlightened bears on this nearly revenueless stock that is up 400%. While I did reach the top by going after OB stocks, I'd note that stocks like Cubic Energy are good at luring in amateurs... I'm here to warn them. Eventually this stock will hit $0.00 be delisted and people will say, well that was an easy pick, but no, I'm going against the (totally clueless) tide here. I'm not just mindlessly dogpiling somebody else's pick.Rant off... why do I hate this stock? 3 cents a share of revenue and 10 cents a share of losses, along with a book value of 13 cents a share. Yet there is a market cap upwards of $200 million for this? Did I mention that Nat Gas lost half its value this summer-- and that is what Cubic supposedly is searching for?Final note: Formerly QBIK.ob, this name got "promoted" to the AMEX under symbol QBC, where instead of bulletin board shenangians, you get crooked Market Makers. Anyway, when the shares trade back under a buck and their auditors send them a going concern and they end up back on the bulletin board, people are going to say I didn't earn these points. This message is my defense to their claims."