Tuesday, April 7, 2009
Acquisition ZONE $3.00 - $ 3.25
W & T Offshore a Gulf of Mexico Energy producer. They have $4.68 in cash per share.
Acquisiton Zone is $6.25 - $ 6.50 [ Symbol WTI ]. Since blogger not going to allow me to post the chart of WTI, you might find it here: http://stockcharts.com/h-sc/ui?s=WTI&p=D&b=5&g=0&id=p36823355018.
Please feel free to use these two PUP's in your educational investment simulation.
In working scanning stocks, and filtering the results, different results are obtained by tweaking the criteria. In this case I have been working with these two scans since Mar 23, and sent them out to Associates on 2 Apr. Since we are in a CORRECTION of a Bear Market Rally we are going down, within a rising counter-trend to a Bear Market. Is that confusing enuf yet?
Anyway, here are two of the PUP's from the Sniffer Scans. In the current series of "Sniffer" Scans, Energy's are over-represented in the current scans. Stocks in these scans tend to have significant daily price movement within 72 hours of detection. In this case, with a correction underway, there may be significant delay in some of the price movement. Good Luck and have fun.