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Falcon is a global energy company with projects in Hungary, Australia & South Africa

Developing large acreage positions of unconventional and conventional oil and gas resources

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Message: Re: Market Wrap

Mar 03, 2009 12:11PM

Markets keep being unforgiving in these dire economic times. For the Dow, I believe 6.500 will be a major resistance and should we break this barrier which is more than likely when the next earnings season kicks in. Falcon will inevitably be affected by all of this until we get news from Exxon. If B2B is correct and announcements are delayed we need to tighten our belts and hang on for a rough ride but eventually it will be a soft landing for our Bird. That I remain optimistic but not of a sky high euphoria share price as in the good ole' days !therefore i am buying more Falcon at these levels and believe a non-euphoria price of $1 istill remains feasible in the near future.

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