Strictly: Drilling and oil-field services Message Board

STOCKTALK

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.

Gold/Mining/Energy : Strictly: Drilling and oil-field services

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: upanddown who wrote (51774)	9/24/1999 2:48:00 AM
From: Brent Hogenson	Read Replies (1) of 95453

I have to agree with John. The institutions are the market and we are just along for the ride. The average institution these days manages over 1 billion. If they are looking to buy their best 25 ideas, that is 40 million an idea. Anything under a 500 million market cap doesn't even get looked at. So the people buying these stocks are the individuals, who in my opinion are the weakest hands. They see the market falling and they run for the exit. For the life of me I don't understand the allure of MEXP. Who wants to buy a stock that needs financing to continue. This sounds like a OTCBB penny stock story ("as soon as the financing goes through this thing is going to the moon") Why buy a stock that needs financing? I want to own market leaders not companies that live off of table scraps. If a land rig costs $10,000 a day, that's $3.65 million a year or roughly 1/8 the market cap of MEXP to rent out 1 rig. The companies that I want to own should have the financial ability to do anything they want. Who out there wants to own a business that needs financing when you can own a company that doesn't? What I'm saying is why not invest in the companies that you are 90% sure you will make 20-50% on your money if we get a boom 2000 than 50-50% sure you will double or lose half your investment if you are wrong. If you want to gamble, play on margin with the larger market cap companies. To play with margin on a $5 stock is foolhardy. You could be 100% right with your pick but have your timing off 1 or 2 months and lose it all. I can relate to you though. Who hasn't at one time or another want to say, screw it I'm in with everything. Either I am going to be real rich in 6 months or real poor. Two months ago I was looking at those DEC FLC calls at $0.875 thinking I should buy 50k worth. I wish you success! FWIW - all the hype on TMR made me cave and pick up 4k @ $4.125, 1k of RRC @ $4.875 and everyday I think to myself, "what are you doing?" (That voice of reason is more times right than wrong)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next