An irreverent look at Wall Street
Looks like there's a hit job on HUSA. http://seekingalpha.com/article/197437-houston-american-energy-corp-set-up-for-collapse?source=yahooI think someone was caught short lol!
any opinion on GOld?
Yeh but the stock is extended on the charts, and there won't be any "real" news until May, so if you're up 400% and you're playing with house money, you take some off when a story like that hits.
Its a stock promotion, just like I thought.HUSA is run by a couple guys with shady pasts who earn their money with stock pumps, not oil production.
wow...Palmoni...did you get out of HUSA? is it really a scam?
why the free fall in the last hr of market ?
Most stocks are "promotions." The story out today, has been known for a long time--its just that some shorts have been trapped in this name, and they became a bit more vocal.But heck, the stock had a great move. If you can't make money on a stock when its moves from 4 to 20, you can't make money anywhere!Resource plays always seem promotional, until the resource proves out. That being said, I'm short IOC, via options today. That name cracked last week under 60, and that "promotion" is being pimped by Morgan Stanley. If MS didn't pimp that name, maybe it would be called something less than a promotion. What word did you use? Scam? But I have no way to verify if IOC is a scam or a promotion or a viable asset play. What does a giant gas flare mean? It's easy to throw words around like promotion and scam but that doesn't negate the resources in the ground. Do they or do they not have oil? Some say they do, some say they don't. Those who say they don't have a vested interest in the stock going down, those that do, have an interest in it going up.For the most part, I always say stocks are "touts" the difference is, that when the big boys do it, they just dress it up a bit better-Smaller stocks are always declared scams by the shorts. Whatever. They got their butts whipped in NFLX which was supposedly a scam, in AMZN, which supposedly was way overpriced etc. Now they are real companies? As far as HUSA? I think they have something, but I think the stock had just run too fast, and they're hitting it today on the story.In other words, I'd rather bet against IOC and the MS pimper, then bet against HUSA
never doubted you when you say tout...just curious on your thoughts with today's move. thanks for your insight
I have to catch a flight but briefly HUSA addressed allegations in PR at 4:18 todaysecondly seeking alpha story has facts wrong stock traded up .75 on news in AHtake care
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