WEL = BOOTS & COOTS INTERNATIONAL WELL CONTROL INC.
We bought 100 shares for 1.89 a share 4-08-08. Commission 9.99. When we sell, add $10.00 in commissions.
It'll takes 2.0899 a share to break even. Stock sits at 2.15 as of market close Friday 5-30-08. That's 8.05% profit.
Since 5-08-08 there has been over 1,350,000 shares bought by insiders at an average share price of 2.136
So here's the $10,000 questions.
1) What would you figure our exit price to be at?
1a) also how long for our length of commitment? (My calcs. are to sell into the strength above 2.60 and hold no longer than August of '08).
2) Should we buy more if it dips? ( It would have to dip to 1.98 to keep the 2.0899 break even stratagey [below = better/above = worse).
PS. When I bought this stock and checked it's balance sheet, I saw a $5 stock within 90 days. That's why I'm a breadman. :sign:
Any and all Hunches and gut feelings welcome! Mathmatical calculations and formulas just as good!
Edited to add:
I received only 1 comment on the thread and 0 emails last week with ideas (At least nobody called for my head). Are you all mad about ZAAP?Are you all mad about TRR? Are you all just mad period? It makes it very difficult to play without support. Because I feel so awful when we lose on my picks. 3 small winners and 1 big loser put us almost dead even for the month. &#%$
Any sector hunches? How about wind? How aboutTech?