A friend of mine whom I informed years ago to buy Omagine called me and asked my opinion. "he asked right now the stock is at $1.50 and if i thought he should sell all of his shares and take the loss of $25,000 for 2011 and but back in 2/1/2012? I told him I really don't know if the stock will stay or drop by that date but in my heart i hope the DA will be signed by December ending.

If it is not signed maybe if the price remains at $1.50 or below he should sell and then buy back. Its a shot in the dark.

I also told him, I'm in to the very end making many dollars or making a large write off for 2012.

I don't have a crystal ball

any other opinions my friend could be interested in.

I believe ths was sparked by this other project being approved and no one heard of it before yesterday. I also felt a little quizzywhen I read about it.