May. 11 at 6:46 PM
$PROP I thought I saw a post that someone didn't believe me on my 100k shares at 1.03 average. Here you go. Over 113k now at 1.02 average. I don't know how long I will hold these. I am also willing to see the stock price drop quite a bit before I sell. I don't think the market is adequately pricing in the impact of what is happening in the Middle East. If somehow things start to look better, then my other stocks will continue to do very well, and they will more than make up for any loss here. If things go as they are, then I would be glad that I am putting my gains so far this year in
$PROP and other oil stocks as the early beneficiaries of a changing market. I understand that the Series F fiancing issue presents a major hurdle, but there are enough signs of it getting fixed that I can get past that. I expect that the next earnings report will be interesting, especially if they give any updated guidance on future earnings.
