A question was asked on the Yahoo "Who is buying?"
Thought you on this board would like to see what I posted
We were the "sons & Daughters" of those preceeding us. When I first got into this, the company was getting out of a prior problems, steady cash flows loomed ahead and prior "situations " were what seemed to me adequately explained. Now, those who are buying today have a "fresh" input, are getting in at a time just when we were getting in and th those who first got in below $ look real smart as does management,,,,to them. This may very well be the last wave of "us" as present management ages and there can be only "so many waves" before running out of water, explaining why what happened before were unusual, explainable and externally created situations. These are the people who are buying.
This may well be the final run at which management exits and cashes in. It may happen late this year or next.....probably next after Trinidad is reported for the first time and maybe another new project is announced.It may happen as low as $10 or as high as $15....it's hard to tell. But we now know that present management will make a killing even at $10, because of what happened last year. Meanwhile, there could be more hickups giving present management yet another opportunity to load up at cheap prices with stocks and more options. Keep in mind the 3 million new options being voted on. Three million more options which could be exercized again at a very low price would help them make a killing later even at $8 if the terms will be similar, i.e. promisssory notes at no interest and the opportunity to load up with more open market purchases while those still around "hang on in the trough" as many of us have done.
This is a situation which bears close watch and we need to mind the charts as to what they tell us. |
