Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : VLVT (was CSMA) -- Ignore unavailable to you. Want to Upgrade?

To: PeterR1700 who wrote (7604)	6/15/1998 9:44:00 PM
From: TraderGreg	Read Replies (3) \| Respond to of 11708

Good question. I am still hanging my hopes and my dwindling fortune on the well. Here's why. Assume, only for the point of argument, that the well future expectations are all bogus.Then somebody is going to do time. Too much documentation released from corporate to get around that. Reporting or non-reporting, misrepresentation is still frowned upon. Remeber, this was only for the point of argument. I personally reject this argument as nonsense. Nine months ago, in September, one human gestation period ago, this stock was headed downward into the sub 25 cent level. Uinta was, like most oil/gas ops, a millstone around the company's neck; there was no LPS; Ad Hatters was still very small; EnviroTec was a long range planning estimate. Now, we have twice the outstanding shares but no Uinta debt, an LPS asset that significantly increased the net worth of the company, a conditionally approved class V well, and a growing AdHatters.(We still have oi/gas but with nowhere near the risk or overhead). The Envirotec well still has the potential for very compelling numbers.(And btw, don't forget we own another Class II well in Texas that can be adapted to Class V in the future.) And lastly, don't forget the problems with the original CSMA shell will be disposed of with the Buf Cap merger and full reporting status will be achieved. Now the stock is trading in the low 30s, may even hit the 20s again. Who knows? But does anyone really think this company is not substantially further along its growth curve than before. Perhaps I am a contraceptive mishap buffoon, but the DD still says overwhelming buy here(bank book says no can do, but hey that's me--bought too much, too soon). It is inconceivable that anyone realistically thinks selling here is less risky than holding, unless they're betting on making a quick buck elsewhere and then jumping back in at the same or even lower price OR they are selling because they need the money. Let me say I am doing well in my other holdings, but not well enough that I would pull out of CSMA and guarantee that I can do a quick double and out and get back in. Could I do it? Probably, but after holding this long, now would be the worst time to consider that option. We know that good news can really pop this stock and we are long overdue for that kind of news. The downside here is certainly less than 50%, but the upside is still much greater. TG