We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  For example, here is how to disable FireFox ad content blocking while on Silicon Investor.
Gold/Mining/Energy : The Oil & Gas Elephant Hunt

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: SG who wrote (286)6/30/2007 6:38:10 PM
From: lazarre  Read Replies (1) of 309
Hi SG,

I also thought I got in high but at 3.90, then averaged down with a 3.56 buy. I really believed I had a LT hold and made a mental sell at 4.30....this was when it hit 5.05 area..

The next 2/3 days showed me a trading pattern that I believed was a bit contrived and/or just a momo stock ( despite the glaringly excellent fundies which I expressed before ). I had reservations in making this entry into a BB stock and felt it was confirmed on last wed. or thursady. That's when I bailed at 4.30.

I really don't know what's moving this stock in the way it does and felt uncomfortable with that---I was convinced there was some institutional participation on those hi volume days and I'll/we'll never know.

Maybe it's the summer; however, if it slips below 3.90 again, I'll be a buyer. I do believe, SG, that once this baby stabilizes and the next Q comes out, or some substantial news is released, it'll recover at the levels you bought in at. From there, it'll be up to you how to play it.

good luck, SG

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext