If I'm reading it right, insiders have been loading up over the past few months.
Disclosure: I got some at 2.60, for better or for worse. I'm not calling bottom here necessarily, but I feel it has a lot of upside potential.
Let me know what you think, thanks!
Welcome back 4/7...
This one and a number of other small/mid cap names have been on my watchlist for the last two weeks. Keeping a close eye on XLE here, with SLB relieving some of the pain on Friday and HAL set to report next week, I really want to see how the market reacts to the majors before I start accumulating the juniors. I don't mind waiting for confirmation and missing the initial ramp off bottom because there will be plenty of upside in names like REXX...jmo
FWIW... OPEC will eventually cut production, they have to imo. The talking heads like to spew off about Saudi Arabia having the ability to hold out with Brent under $50 and give their ridiculous sub $20 PT's. How long do you think the rest of the OPEC states like Angola, Nigeria, Ecuador and Venezuela can withstand sub $50 oil? OPEC consists of more than the Middle East but the talking heads don't want you to know that...jmo
Ignore the noise, OPEC will cut production...Watch and see jmo
I thought I'd check in on this.. REXX closed at 5.12 today, almost 100% gain since mid-January (not that I managed to ride it all the way here, got spooked near end of Feb )
Seems like ~$5 is a bit of a sticky number for this one, but it looks like it wants to pop higher than that. Moving it to the short list again.