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TomIn 
Bronze Level
Joined: 17 Nov 2009
Location: Indianapolis
Points: 16
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 Topic: Allis Chalmers Energy
Posted: 30 Dec 2010 at 8:53am |
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Does anybody have any idea why Allis Chalmers Energy stock is soaring these past few weeks?
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Bob-Maine
Orange Level
Joined: 11 Sep 2009
Location: Central Maine
Points: 922
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Posted: 30 Dec 2010 at 9:02am |
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No, but I better check my online trading account. Bought a few shares, and I mean a few, several weeks ago. Maybe I'm finally rich :>) Bob@allisdowneast
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Dick L
Orange Level
Joined: 12 Sep 2009
Location: Edon Ohio
Points: 5093
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Posted: 30 Dec 2010 at 9:11am |
Soaring???
It has not soared above what I paid for the stock I have. It does look a bunch better than the two sumpin it set for a spell.
Bought like dealing in old tractors though. By high, put a bunch of money inem, alls ya kin get is about half of at. Done alla da time by us real smart money guys.
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Bob-Maine
Orange Level
Joined: 11 Sep 2009
Location: Central Maine
Points: 922
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Posted: 30 Dec 2010 at 9:14am |
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Yep, I'm rakin in the dough. Bought 10 shares of ALY a few weeks ago for $6.30 a share plus $7.00 brokerage fee. That's an even $70.00. Trading today for $7.06. So I have "made" $0.60. But if it gets above $7.70, I can sell and make a "profit" after paying the $7.00 fee. Good thing I only do this for fun. Bob@allisdowneast
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Bob-Maine
Orange Level
Joined: 11 Sep 2009
Location: Central Maine
Points: 922
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Posted: 30 Dec 2010 at 9:17am |
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Dick, I hear you. My stock trading hobby has yielded more profit than my tractor buying/fixin up hobby. Bob@allisdowneast
and just so no one gets the wrong idea, I haven't made big bucks on stock.
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427435
Orange Level
Joined: 18 Nov 2010
Location: SE Minnesota
Points: 18637
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Posted: 30 Dec 2010 at 10:01am |
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It could be other things (like a yet unannounced drilling contract), but it's probably following the price of oil up.
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Mark
B10 Allis, 917 Allis, 7116 Simplicity, 7790 Simplicity Diesel,
GTH-L Simplicity
Ignorance is curable-----stupidity is not.
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gleaner1
Silver Level
Joined: 17 Dec 2009
Points: 225
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Posted: 30 Dec 2010 at 4:14pm |
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definitely a good thing as bought in below 4 bucks. NICE
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ALLIS CHALMERS "The color is orange"
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wheatbreeder
Orange Level
Joined: 12 Sep 2009
Location: Harrow, Ontario
Points: 581
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Posted: 30 Dec 2010 at 4:42pm |
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yea it going as the crude goes up
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Farm stuff 8050,6690,175,F2,5050,WD
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Steve M C/IL
Orange Level
Joined: 01 Jul 2010
Location: shelbyville IL
Points: 691
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Posted: 31 Dec 2010 at 11:24pm |
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As the dollar goes down....thanks monitary policy dumdpoor word choicees.
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SHAMELESS
Orange Level
Joined: 13 Sep 2009
Location: EAST NE
Points: 29486
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Posted: 01 Jan 2011 at 3:00am |
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yeah..i bought 1500 shares of level 3 years ago...lost my A** on that! think i settled out for $136.00 after all the fees were paid!
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620Doc
Silver Level
Joined: 11 Sep 2009
Location: Ohio
Points: 84
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Posted: 01 Jan 2011 at 9:21am |
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What is the current status of Allis-Chalmers Energy? I read it was bought out by another company. Then heard the deal was not yet settled. There was speculation that the name and logo could be sold. Does anyone have any insite on this?
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Every day is a holiday. Every meal is a banquet.
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