I agree. The problem with this guys posts is that are a rehash of old news and frankly questionable resources. When you review the ABC site for "Mercenaries", etc, it is Australia's radio network...claims "numerous awards", none listed, "Famous journalists", none listed. Not my kind of authoritative-well founded news source. And, when you read the Derick info, it appears he draws conclusions to support shorting IVAN. For example the other large oil firms who explored the area, he suggests they found nothing, the report does not say that. So, to me it's a very detailed way fo saying. "do your own research." Well, anyone who trades knows that...
For disclosure, I trade IVAN, buy dips, sell highs, keep 30-40% of my holdings long, have also shorted (once) from the highs back to dips. I play the movement, but I believe, (knowing I can lose), this will go to $9-10.Myabe on it's merit, maybe because the "scam artists" are greedy, and they will play it for all it's worth. Either way, at $10, we win. |
