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

To: im a survivor who wrote (210)	4/3/2005 2:07:29 PM
From: rrufff	Read Replies (1) \| Respond to of 1072

1) Why should the company bother to take any recourse? As I said, it's a debating point and pretty useless, don't you agree? A pinkie or other microcap has enough to do to implement its business plan. They shouldn't be concerned about tout sheets or message board posters unless there are lies perhaps. I don't think you are saying that the touts were lying, just that they were touting. I.e., if the tout sheet says, "company told me they are going to hit oil 100% guaranteed." But that's not the case. 2) Whether your shares are free or not is as immaterial as someone claiming that they have a bazillion shares. In order to successfully trade or invest, you really should mentally mark your holdings to market each night if not more often. I've done surprisingly well with SPRL. I really am in at under .03 but I did not sell and looking back I was stupid not to sell some. Of course, I would have kicked myself if I sold and it went to a buck. So I fell prey to emotion, fear and greed, but I'm human. (I also don't have a bazillion shares as it is a relatively small part of my portfolio.) I primarily trade OTC BB and nasdaq and amex so I wanted to see the patterns and this wasn't a huge holding for me. I could easily sell some shares and say my shares are "free." However, I'd still lose big bucks if I call it wrong. So to me, having "free shares" doesn't mean much at all. What I'm saying is that you really need to evaluate the story on a continuing basis not be concerned about your own cost or about someone else's cost, including mine. Psychologically, I do realize that all of us have that weakness. One of the basis behind TA in theory is that we all want to "make a profit." So we look at our shares based on our cost. Are they "free?" Have I doubled my money? That's why most of us make the wrong decisions in my opinion. However, when you look at it logical. It really doesn't matter, other than for tax reasons if I have made a 5-6 bagger on this, which I have. If it goes down tomorrow, I will still lose money tomorrow and my decision to hold will be bad in retrospect. Even if I sell with a 4 bagger, I still have made a bad decision today. Similarly, if I am in a loss and I hold and the stock goes up. Even if I don't get back to break even, I still have made a good decision TODAY. As I said, it only really matters for tax purposes. 3. I like my own methods of investing, which I've outlined many times on the kitchen thread. I've been very successful even in bad markets. I've finally come across this method the past 4-5 years after years, actually decades, of investing in other ways. I'm not going to comment on your style or on John's or anyone else's, other than to wish you all good luck. 4. Again, what you say are lies are really expressions of ownership. On the internet, I consider these statements all kind of "mine is bigger than yours" stuff and to be ignored. I haven't seen any lies about the business plan or the prospects. I've seen opinions about where the price should be. I use them as subjective indicators and not objective parameters or guidelines. If they are whacky, I totally ignore them and you probably should too. Anyway, I'm adding to the debate and I really didn't want to do it. I'll suggest to you in a nice way that you may be better served just discussing the postitives or the misgivings about a company and don't be so concerned with someone else's claimed holdings. Believe me, you are free to post as you wish. You seem like a good person but just have become a bit obsessed with someone else's style of posting. Take care.