Tuesday, May 1, 2007

I missed Hercules (HERO) long

Hercules Offshore, Inc. and subsidiaries provide shallow-water drilling and liftboat services to the oil and natural gas exploration and production industry in the U.S. Gulf of Mexico and internationally.
Fundamentally shares are undervaluated as P/E equels 8.5. Recently they always beat estimated EPS and they also did yesterday during last earnings call.
I wanted to enter on 23rd April when price crossed up $27.5 supportine of 4month's channel. Also supported by higher volume
Hero is now traded at $31.5


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