EOG stock sink or swim?

[JosephF]

I've been watching EOG for about five years now. It is an energy company that was doing well at a high of 140 till the crash where it is at low 60's. I believe it will exceed its 140 limit by next year. What do you guys think, buy now, wait awhile, or do the italian and forget about.

 

[SCNinvestor]

the stock price might continue to fall down for some time but I think it is to recover very soon. well, that's only what I think

 

[yayt]

it looks like its consolidating, whichever way it goes it seems like it'll be a big move (whether up or down)

 

[SCNinvestor]

Quote from yayt:

it looks like its consolidating, whichever way it goes it seems like it'll be a big move (whether up or down)

yayt thinks correctly

 

[yayt]

there we have it, think it may be time to go long (oil industry in general seems to be heading up because of positive analyst notes)

 

[SCNinvestor]

for the present situation, it's better to go long than to short, at least in some cases