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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?


To: Canuck Dave who wrote (118279)6/11/2008 8:49:07 PM
From: robnhood  Read Replies (2) | Respond to of 313613
 
He never told anyone to sell RAY----
He said that he had sold his.



To: Canuck Dave who wrote (118279)6/11/2008 9:31:08 PM
From: Proud Deplorable  Read Replies (1) | Respond to of 313613
 
Listen up Dave. I know this fact will be contested but RR wanted nothing to do with LRG and sold it all when they wouldn't drill on El Condor and lost faith in management. I lost a few bills on it myself but had been in constant communication with Nick at IR who told me I should own RAY and some other one whose name escapes me. If it was GXX I forgot all about it until I talked with him again today and he said I should own this as well. I recall me saying to him in the past months that after the LRG fiasco I was not going to invest in any more of his plays excepting RAY which I had agreed to buy a nice chunk below .50 and said I'll wait to see if it performed. Now, needless to say I'll listen to Nick and trust him.

I'm quite sure I talked RR into taking a position in it because of the European promo 2 weeks ago which apparently had little effect on the share price. He was losing patience with it and so was I so I sold some around .78

I sold the last of my RAY at 1.34 but later in the day decided to buy a little of it back so I did but not nearly enough to destroy the profits I locked in by selling ...as usual..too early.

My advice now is it is going to 1.50 +/- on its way to 4.00