To: DEER HUNTER who wrote (7124 ) 2/1/1998 2:16:00 PM From: qdog Read Replies (1) | Respond to of 11888
Post come in a array of meaning; knowledge, questions, opinion, speculation, wishful thinking, OT, etc. My problem with Faris was the conspiracy attacks, which I was a recipent of many times. He also hype this stock at times without any cogent reasoning. Question his opinion and he resorted to diatribes that gave me headaches reading. This stock is valued at about what it should be based on the news available today. It should move higher with the next round of news about the other speculation of what lies under the ground in the coming weeks. It then probably pull back at the time the start drilling the well. My opinion. The industry is unique in that it's not a manufacturing industry when searching for oil. Delay's are the norm, not the exception. Timetables are as fluid as water. Events happen that aren't forseeable. You just learn to be fast on your feet to adjsut to the changes. Alot of thought and debate go into it. The critical time for this stock is the first well. Investor won't be patient enough about it, but the likelihood of finding a large well on the first try isn't as great an odd as some have thought in the past. It's not out of the possiblity, but when subscribing odds to it, well it's by no means a sure bet. Thanks for the comments, but I always caution folks to do their homework and let that be your guide. I got shares that are a small part of my portfolio, if they hit and big, then I have the cash reserves to up the stake. Those that have the balls to have sunk alot of money in the beginning are certainly braver than I. Whether they are proved right or wrong isn't an issue with me, nor is the size of the return. Their method may reward them, but so will mine. This stock won't hit all-time high based on one day. Still plenty of time to make money, whether you are long term, day trader or short seller. As I tell my broker; my money, my decision...buy or sell according my wishes not yours!! Hang in there.