Re: vraletter.com
in response to
by
posted on
Jan 08, 2010 02:30AM
Developing large acreage positions of unconventional and conventional oil and gas resources
"OTOH: If blind "investors" base their decisions on such crappy reports, buy as much as they can afford and bring this bird again back up to $7 without any factual economical success"
A penny stock does not need "factual economic success" to move up to the sky.What it needs is phantasy and a hype at the right time.
in terms of your "waste of time" saying all of the time:
To base your decision on your own DD,is a "waste of time".Penny stocks are big risks.It is very hard or close to impossible to evaluate the position.All what you have - is people like Scotia or Ryder Scott or Gustavson to believe. It is always up to your own sentiment to drop or buy more shares. The more people start dreaming the same phantasy,the better for an enormous hype to wind up.
I guess there is nobody around to assess the future earning power of Hungary or Australia.Not even Bruner himself,not Lanman,not you,not EXXON,and much less the Knight or myself,nobody....
The only option left to perform is to bet and thats what we did and some folks are on their own way now to do the same.They even have two options to bet on,both of the same kind:
HUNGARY plus AUSTRALIA.
Dreaming XOM to stay could upgrade the SP and Australia to happen could give the right boost to create another comfortable hype at least for those still heavily under water,waiting for release.
As the winner takes it all it is still a bet,not more and a bet is always based on the money you are willing to risk or to waste and not on any DD or smart investment decisions.
As the current sp does not give us any impression of a dead cat bounce again,it could mean the start of another hype.
Perhaps Australia is actually not such a bad thing and facing the truth,Falcon is always good to redouble from one week to another.
Enjoy the ride if you are all in and it happens again !