Disclosure: We currently have no position.
Yesterday a blogger put out some scathing articles on SeekingAlpha about the management of Legend Oil and Gas - LOGL. This stock was on our short list as it has been involved in a paid promotion campaign, which seemed to artificially inflate the price. We were short some shares (not many, as it has been very hard to borrow) and covered with a small gain. Today it is dropping down 65% to 62 cents a share as I write this. Yikes!
Disclosure: We currently have no position. Bank of Internet and Earthstone Energy both hit homeruns. BOFI does 58 cents for the quarter and ESTE does 43 cents. Both companies (while in two totally different sectors) are hitting their sweet spots at the same moment. ESTE has invested in numerous wells with Brigham Exploration and others in the Bakken and those wells are starting to produce... And big. BOFI has assembled a wonderful staff of employees and their mortgage side is looking bright.
http://finance.yahoo.com/q?s=BOFI |
Paul SaadSenior Manager, Paul Saad and Associates, LLC Archives
May 2020
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