Monday, August 11, 2008

25 million shares of common stock?!!?! ~ Petrohawk Energy Corporation (Public, NYSE:HK)

BuyOnTheDip.com's  "pick of the year" .... PETROHAWK (HK)

$26.53 -3.08 (-10.40%)

*was down 13%+ with a daily low of $25.64*

.... Floyd pumps 25 million shares to pay off debt and fund leasehold acquisitions. 

BIG QUESTION = offering at what price?  ... we'll find out soon enough.   go team? 

p.s.  DRUG are GOOD! ~ IDMI up 13.15% , VRX up 7.3%, ISIS up 6.85%,  AFAM up 5.34%,  MYGN up 3.16%, EMIS up 2.93%, ALXN up 2.79%,  CRL up .85% ,  ... GENZ, ABC down less than 1%, PMC down 3.5  

2 comments:

Anonymous said...

Go Team? Do you want us to short HK?

BUY ON THE DIP said...

never.