Nice post Houston. I couldn't agree more. I think if you are long on this and believe in what the company has, then don't watch everyday...or it can get up setting. I think things will start to turn around soon. We have already seen a pullback of $4 from the high, which is ridiculous. And not to mention that the PP was done at $4.70.

On marketwatch qec has 2 buy recommendations with one outperform and a avg target of $6.14...on reuters...

http://www.reuters.com/finance/stock...

If you look at the 3 months ago, there were no buys on it as it was at an all time high, but as you notice, as the price started to go down to the $3-4 range, it started to get more analysts and more buy and outperform recommendations. So we see that at those levels analysts where saying buy or outperform showing that those prices are a good place to jump in. So for it to drop this low is ridiculous and extremely oversold.

Houston is right, when you have fear mixed in with shorters and possibly naked shorters and on top with zero buyers as everyone is scared to get in(because of those guys in the first place), it is easy to see how you can lose momentum. But once we start to get out of the summer phase and near the results, I could see it climbing in anticipation of the results and if they are indeed good, then we can expect prices that...well I don't even know how high it could move at that point.

In an email, Jason told me that 2-3mmcf/day for the horizontal flow rates would really increase ppl's confidence in this play, but from the results that others are getting with their shale plays (5+ mmcf/day) and with a company like forest who is very experienced and knowledgable, I think we could see even better numbers.

Rocco:)