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FX Energy Inc. Message Board

  • nig_momma88 nig_momma88 Jun 5, 2013 11:05 AM Flag

    Why does this stock refuse to gain any momentum or keep any gains?

    I'm new to investing and still have a lot to learn and this question might have an obvious answer that I'm missing but I'd appreciate anyones insight. I also know therre are people on the other side of my long position (obviously) so I get that there's resistance against it advancing. But It seems like except for the last run when it went up to ~ $4.8 and then back down to current levels in the same day that the stock can't keep even the smallest increase without going back down to the $3.95-$.4.00 range. It will get up to $4.15 and then just down it goes day after day. What's going to push this thing forward and give it some stayinfg power in the higher price ranges. Was there any positive or new news discussed at the conference presentation today? Thanks for the help eveyone!

    Sentiment: Strong Buy

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    • The potential upside is worth the wait. Just hang in there... this may take a month before a major rally.

      • 1 Reply to ahmad.hussein123
      • A MONTH???LOL It could take a YEAR or more!
        A Month is not in the cards to determine if they have a field! That seismic may take 9 months! You don't really believe the are just going to announce 50BCF in a month do you? The stock sure does not reflect a shorter term positive... If management has learned anything about their rosy predictions and dish water results it's that they better be darn SURE of their predictions cause no-one believes them anymore! Except maybe some newcomers and the perma-bulls on the IV board, who are astounded to see the stock not move an inch when the rest of the investing public looks on and waits to buy on more sound reliable news!

    • Stock has traded in the @$4 range since august or so... not much in the way of news from the company on their well. No direction up with out more color on what they have. They cried wolf to much on kuteno and the investors got killed from $8 down to $2.50 why would you think it would move? The shorts have won more than the long term holder's....
      Hay it was $4- 10 years ago too!!!
      Management does not ADD to shareholder value in this name.

    • Dear Momma: Patience. If you bought this company because you think it has better than average prospects, you must realize that it will take time for them to mature: several years, maybe. Trying to predict the short-term ups and downs is a fool's game. Plenty of down-side risk means that each stock you hold should be only a small percentage of your total capital at risk (now, THAT was a painful lesson that I learned in 2001).
      IF FXEN has found significant gas in Poland, and IF they can get it out in a technically competent manner, and IF the Poles will let them make a profit, and IF they can get the capital they will need to drill 100's more wells, your position in FXEN will make you very happy.
      Many early-stage investors put most of their capital to work in mutual funds--check out Vanguard (they are investor-owned, so you are less likely to get ripped off).
      Plenty of nay-sayers will spring into the discussion: you can tell which ones to listen to by the tone of their comments (same goes for the those who favor the company).
      Good luck, happy capitalism!

3.35+0.02(+0.60%)Jul 10 4:00 PMEDT

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