KOB.TO - East Lost Hills & GSJB joint venture Message Board

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Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture

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To: grayhairs who wrote (4067)	8/18/1999 9:57:00 AM
From: Salt'n'Peppa	Read Replies (4) of 15703

Grayhairs, Can you believe these panicked lemmings all diving into the ocean after one another? KOB down $0.15 near the open. We are running wireline logs folks. It is a two day operation. Nothing will happen for 2 days. No news. Oh my god! Sell! Sell! What a bunch of idiots! Monday the stocks rally because we lose circulation and flare gas. Late Tuesday and Wednesday, the stocks tank because we lose circulation and flare gas. As I say, people can be idiots. People have absolutely no appreciation of the length of time it takes to do anything at 17,500' depth. It will take them the better part of 12 hours (maybe longer) just to pull the bit to surface. That is over 190 stands (90 foot lengths) of drill pipe that have to be disconnected and stood up in the derrick of the rig. Monday, the stocks are up. Yesterday they drop back 30%. Today they drop a bit. Tomorrow, who knows. Next Monday, with log results, they will likely skyrocket again. Besides, we have had such a rally lately that this can be viewed as a bit of a correction. The smart money is holding and waiting. S&P

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