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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Paul Senior who wrote (39370)9/22/2010 7:32:57 AM
From: Madharry  Read Replies (1) | Respond to of 78751
 
Looking at this with the biased view of someone who is overall a sore loser in the energy area it looks like an undervalued crap shoot to me. I couldnt help chuckling at the first line in the presentation: "Since recovering from a near death experience in 2009.....".

I guess if you buy enough of these and prices dont tank, one can do ok though it has yet to happen to me over the course of the past 15 years or so. The only success I had was with BZP and that was due to a timely exit as it roundtripped from 4 to the mid 20s and back. the failures are too numerous to list here.

I guess this one has already moved from .21 to $1.30 in 8 months so somebody is very happy.

I think I will stay with the miners where I have had some success I added a bit to my position in abb.to. selling for .44 they reported nav of C$1.12 and its higher than that now with the surge in metal prices. one of their investments is in crk.to which i also own and the principal in both just exercized options and im told bought over $1 million worth of crk.to.