3 Stocks I Saw on TV
Open Question
Hi Kevin.Do you think GMXR is a buy or sell before natrual gas reports?
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I prefer to avoid stocks like GMX Resources (GMXR), whose stock chart pattern
shows repeated long-term downtrends with only occasional spikes higher. The
company is expected to lose money over the next two quarters and natural gas
prices have yet to establish an uptrend. It would be safer to wait for a turning
point in natural gas to be confirmed before jumping in. Our stock model rates
this company a ‘Sell’.
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Nat gas numbers have been bearish, I think you will see a sell off in nat gas. I
am hoping this will put in the bottom today. Then you can start speculating with
the nat gas drillers and the UNG.
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