ORIG – Ready to Go
Here’s a cup and handle that’s ready to launch today on excellent quarterly earnings. The company reported Q1 EPS of $2.07 vs 31 cents a year earlier! As some of you may recall I started accumulating this one last year and my average cost is $1.20. I intend to hold this for years as this company has always remained profitable even while it’s shares were less than $1. I’ve regarded it as a call option on oil that never expires. Look at the long term charts and you’ll see why I think it’s heading to $10+. It’s set to open today above my 2.40 resistance line.
Thanks for the heads up on this one Mark. On days like today I wish I’d accumulated more. Remarkably cheap though, even at the close. Same with CHK.
I greatly appreciate your posts.