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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?


To: rolatzi who wrote (37004)1/6/2005 5:49:00 PM
From: Ed Ajootian  Read Replies (2) | Respond to of 206176
 
rolatzi, FX Energy (FXEN) -- Congrats on holding through to the news (assuming you didn't change your mind). I lost my guts and blew out about 60% of my position by the time the news of the discovery hit the wire. I'm getting wimpy in my old age I guess! <g>

Actually, my portfolio has grown quite large over the past few years and this has definitely altered my thinking on these high-risk exploration plays. As the drill bit gets closer to TD, I start asking myself "what do I have left to prove?" and as long as I can get a fair price I blow out stock to reduce exposure to exploration risk.

Talking about "fair price", this turkey now sports a market cap in excess of half a billion $$$ (fully diluted), just for drilling 2 holes in the ground in the Polish wastelands and putting up a coupla pictures of gas flares on their website! <g> As jim_p says, whodathunkit!