Quote:
Originally Posted by Nathans_Dad
My personal little stock toy is FXEN. US company that drills for natural gas in Poland. It has bounced around anywhere from $4 to $13 in the last 5 years. I have bought and sold it probably 4-5 times in that period. Currently it is down in the $5s after a ho-hum year of not getting enough drilling done. Previously price has been dictated by drilling successes, shoots up when they hit and then drifts down over the next months. Now they have production coming on line so I am hoping for a more sustained rise in price. Currently holding in the $5s, would sell some if it hits $10 and look to rebuy on weakness.
Otherwise my stuff is in a variety of mutual funds, I just don't have the time to really manage a full stock portfolio...
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Just FYI, FXEN closed Friday at $8.29, which would be right about a 50% profit since this post. I think there is some more upside here, there is an analyst target of $17 out there, I think that's a little optimistic. If it hits $12, I'm definitely selling some. Otherwise once it hits $9-10 I will put a stop in around $8ish and see what happens.
