Pretty quiet on here lately, but I thought I might start a discussion.

The markets are about to close today and once again Bronco is showing some amazing strength. After falling nearly 4% after the opening to midmorning, the stock has fully recovered and with about a 30 minutes left until close, it looks like it close at or near even.

My orginal reason for buying this stock at about $4 was simply because I didn't think it deserved to be trading at a third of book value. It still isn't at book value (which I put at about $10), but I never expected it to get back to book value.

But now, with cash infusions from Carlos Slim and an improving drilling outlook, it may be feasible to get back to book value or perhaps even more.

I have gotten burned bad by not taking profits that come this much and this quickly, but I think it has some real potential to go higher. Even if we were already above book value, I think I still may hold. This stock just shows way too much strength and there is way too much buying interest to be selling now.

I think a lot of people who took profits in the 6.25 to $6.75 region are looking to get back in and if next week the stock shows more strength by breaking $7.60, there will be a lot of buying interest in this stock. If not, we could head down, perhaps to fill the gap. I doubt it though and will wait and see what happens...