Tony, You may be right, but so is others. If the seismic numbers will be that good (Begesh 1.1 Bil + Chicuduk 3 Bil plus), I think the stock could pop above $5 anyday now before it happens. Assuming your guess of Thursday next week is closed, then we should expect some real buying accompanied with heavy volume very soon.
From $4.00, what is the downside near term, $3.75-$3.88? How about the immediate upside potential; $8.00-$12.00 perhaps even more? If these were the odds, I'll go long here at $4.00 any day.
Again, with the above potential in mind, I honestly don't think this is the time to be out of the stock. We waited long enough already, and it will be a waste not to benefit fully from it, especially if the intention is to simply save just another quarter of a point. Even worst, what if a JV or a full buyout offer is announced with it, then what?
Sorry, but I'm not sure it's worth it. Anyway, just my opinion.
regards,
sycamore |
