Friday, May 13, 2011
MVW - Mountainview Energy BACK AT ATTRACTIVE LEVELS
Recent PPS: $1.43
We've all done extremely well on MVW so far. It's pulled back to very attractive levels (in my opinion). Now would be a good time to pick up some more. We're all still wanting, wishing, hoping & praying for NEWS!!
I initially profiled it at $0.55 and called that $1.50 - 1.80 would be fair value based on their current holdings. The stock ran up to a high of $2.64 giving our members enormous gains! I put out another post saying that I still believed $1.50-1.80 was fair value and suggested to wait until it pulled back to those levels before getting back in...
That time might be RIGHT NOW.
Here's the risk:
company finally puts out News about their 2011 gameplan. Hopefully this adds value through increased production from drilling, or acquiring more land.
company doesn't put out News. No new value is added... If this is the case then the company may stay in the $1.20-1.50 trading range. At least until June 17th 2011 when 21,000,000 shares and 5,000,000 warrants become free trading.
The Choice is yours... If you believe that company will successfully role out their 2011 gameplan then anything in the $1.30-1.70 range would be a great buy.
If you're interested in hearing directly from the company I'd suggest following them on Twitter ;)