SI
SI
discoversearch

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.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Value Investing
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Paul Senior2/3/2005 2:02:42 PM
  Read Replies (1) of 78702
 
Brinks' post on that dink alleged oil company is getting picked up on other SI threads. I will assume that the stock could be appealing to people who want a cheap oil play, and/or a low-price stock, and/or who want some confirmation from others that the company/its prospects etc. are now worth making a bet on. Some of the SI readers are - from my limited understanding - people who take few, but large positions.

As a consequence, I can see the stock quickly rising. (But I could be wrong - so far today the stock's down a penny on larger than normal volume.)

In any case, there's a margin of safety provided by the cash (assuming the company invests it wisely).

I'll up my tiny position by a few multiples. (I've previously made purchases at $1.64/sh (12/23/04) and $1.35/sh (1/12/05).) Adding a hunk into my IRA now, in case the stock does quickly spurt and I decide to sell. If not, I'm still prepared to hold on.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News