Re: Predicting price levels
posted on
Sep 12, 2013 02:45PM
My message on this Board has been very consistent...
Stay long your PRB shares and sell your other speculative exploration names to replenish your cash position so you can take advantage of any short term weakness in our stock price. I truly believe we have the most compelling story and best property in our peer group. There is no reason to sell this stock, only to add to your position if/when sale prices appear.
I value the information provided by ElP and others who are providing a macro view on the POG (PRB isn't my only investment) and also our stock's stregth. Like Stainless mentions, I wouldnt want to be on the outside looking in when Dave steps up to the podium to annouce that we are the first round draft pick of BigCo. That's like smoking weed the week before the NFL combine, makes no "sense".
I'm sure some on this Board trade their shares, but thats basically meaningless compared to the Institutions and how they manipulate the share price. As the POG falls during the month of Sept-taper, those of us with the means & courage can pick up a few more shares. Nothing to be scared about heading in to Halloween...I'll ring the doorbell (sorry honey) and swap my Reese's for a few more shares.
Im sure the loggers are getting ready to take Dave's latest offer for the land...before he lowers in sympathy with the POG.
To quote a complete idiot, "buy, buy, buy!".
bye,
Kingpin