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Strategies & Market Trends : 50% Gains Investing

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To: Kobido who wrote (111625)	12/4/2012 5:15:20 PM
From: Schnullie	Read Replies (1) of 118717

Good to know that al least Gary is prospering in the midst of the carnage, as the rest of us suck air and try to earn a quarter on occasional swing trades. I can't think of a more deserving fellow. I certainly wouldn't try to swing trade around the imminent news of Mark West pipeline completion. Its been known for weeks and is almost certainly a non-event as far as short-term stock trading is concerned. Besides, MHR tends to sell on the rumor, sell on the news. I would also avoid trading on anticipation of sale of the EF property. A good promoter always has something around the next bend to entice the horses to continue. I predict that sale of the EF property won't happen for months and months if at all. I would love to be wrong here but since when has it been so easy to make money in the market by waiting 3 months for a publicized contingency to take place? In my experience, this scenario rarely unfolds. Besides, too many easy ways to play this in Gary's playbook: he could sell a small portion of it, he could sell it all but at a reduced price, he could sell it and roll the proceeds into his next idiotic non-accretive acquisition or roll the proceeds into some fuzzy non-monetized deal involving partnership with a JV. Or maybe the deal never gets executed,it just hangs out there generating rumors and pseudo-bids ad infinitum. I think he mentioned on the conf call the possibility and desirability of continuing to hold and develop the property. Never underestimate his promotional abilities. Its only important that he dangles promise of the next event in front of us. If only he were as adept at fooling prospective EF buyers.... p.s. the stock is currently trading at the price it was trading at back in March 2010. We're approaching 3 years of non-performance.

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