Re: The Falcon play - Increased valuation
in response to
by
posted on
Feb 20, 2013 12:57PM
Developing large acreage positions of unconventional and conventional oil and gas resources
>Price drop has sent the 7 day moving average thru the 20 day average and I have lighten up my holdings by 50 %. Fundamentals are strong but the drop is real. Need to sell to retain gain.
All this just a back-room boys’ hocus-pocus. I’m sure the wanna be day-traders will lap it up.
The long-term investors are value investors. Based on the latest resource estimate Falcon’s current risked value is $2.35 and $94.00 on an un-risked basis.
When Warren Buffet finds a value investment, he buys it, then holds it. So does Burlingame, Soliter, Persistency and all the others.