Re: This is Falcon for you ! PETERPAN
in response to
by
posted on
Jan 05, 2009 12:34PM
Developing large acreage positions of unconventional and conventional oil and gas resources
You ask why no one is jumping up and down about this latest rise in stock price. Well, I can only speak for myself, but here goes.
The wife and I put around $50K into this stock, using money from all the other stocks we sold. We are not rich people and this represented about all excess funds that we had. We were there when the stock went to $7 and thought we had made a brilliant investment. This was when some people were predicting $50 to $100 or even more per share. Well, since then we have not sold a single share nor added any as we were tapped out. We rode this elevator down to below 20 cents. I figured what's the use of selling when you're so far under water. I have followed all of the boards and hardly missed a single entry over this extended period. We have toasted the succesful granting of the license to Falcon only to be be disappointed. Every supposed good turns of events had no effect. Every "good news" release was followed by a drop in stock price. Eventually you start to feel a little negative about your investment. But in the back of your mind there is always that little glimmer of hope that maybe things will eventually work out. Some people call it faith based investing. If it wasn't for the boards and certain positive individuls on them (some people call them pumpers but I don't) I would be a lot less hopeful. I am willing to go for broke and ride it out to the end, no matter what.
So when this stock gets back to my break even point of around $1.60, then I will decide if I should be happy. In the meantime I will be holding my breath and hoping for the best.
Hadenuf