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Gold/Mining/Energy : SPRL - Strat Petroleum, Ltd. -- Ignore unavailable to you. Want to Upgrade?

To: im a survivor who wrote (208)	4/3/2005 1:10:15 PM
From: rrufff	Read Replies (1) \| Respond to of 1072

I've kind of lost touch with the players and the charges but it seems there is more time spent on the personalities than the issues. I do believe that most of us don't care whether someone claims they have 10 bazillion shares. I try to post my real trades at times, but, face it, this is the internet. I tend to pretty much ignore claims of personal holding other than for amusement. After all, it's MY holdings that matter to my account, not someone else's. If I had to worry about some internet poster selling a big chunk, it would be impossible to make decisions. I ignore statements like "float in strong hands." Rather I try to concentrate on the business plan, the trends, the charts (although limited usefulness in micros), etc. The boards are very useful to get a feel for the arguments both ways as well as to guage the level of excitement, using that sometimes as a contra indicator. I also find message boards very useful for getting introductory tips but I always do a ton of DD, never blaming anyone else for a pick. I think it might be better to spend more time discussing the positives and negatives of the company itself. As for tout sheets, I also tend to avoid them. I do know that it is possible that large shareholders can pay for the touting. So long as there is no real connection or direction from the company, there is likely no manipulative activity or other violation of the disclaimer. Personally, I don't know why anyone does these mass mailings any more. I guess they do get suckers but they almost always have pumped before you can get to them. I confess that I use them to buy after they dump. The Lebed kid is a good one. Nasdaqsuperjumpers is another. If you buy them after they dump, then you can usually get a secondary pump trade. For me, I make my best trades and investments doing a ton of due diligence. There is no shortcut or easy answer even from someone who says they have millions of shares. On the other hand, I don't have any problem with someone claiming that either. It gives me a feel for the level of excitement, which is more a subjective factor than an objective determination of the size of the float, etc. I do have to say that in terms of promises, the SPRL people and management have come through more than the companies I normally follow. This is why I have stayed in. I don't typically play pinkies. If they continue to come through, I will stay with it. If they don't, I'll be gone, irrespective of whether a basher says something or a pumper says he's buying every share on the market. Anyway, good luck to all of you.

To: im a survivor who wrote (208)	4/3/2005 2:29:34 PM
From: kryptonic6	Read Replies (2) \| Respond to of 1072

I guess my main complaint was your approach. If you have doubts, I think you should ask him directly what his position is. Any time a stock doubles in price, it's stupid not to at least recoup your principle. That's not an expert opinion, that's just common sense. The way I see it, either 1) he's a millionaire and doesn't care about possibly losing several hundred grand, 2) he made a VERY, VERY foolish investment move by not recouping his principle between $.10 and $.35, or 3) he's lying about his position. I assume he was telling the truth when he picked up 100,000 shares last week because I watched the stock go up, but as far as the 3.5 million shares, he's the only one that really knows. I suppose he could have been lying and only picked up 50,000 shares, but again, only he knows, and I don't find it necessary to fret about. At some point you've got to let people come to their own conclusions about who to trust. There's no need to make derogatory comments about someone's sexuality. It's immature and reflects poorly on whoever's making the comments. If strat nut usually handles criticism in that manner, what kind of employer would tolerate it (especially one that pays the kind of salary to invest a few hundred thousand G's in a penny stock)? It's possible he could be retired or self-employed, or have some huge inheritance, who knows, but comments like that don't lend themselves to sounding like a professional. Or it could have just been a rare outburst. Still, I would un-ban him if he agrees not to use that kind of language. You have been criticizing him pretty relentlessly, and assuming he's telling the truth, I'd be angry too (not that that justifies his comment). Jesse