Re: anyone think it's time to buy more
in response to
by
posted on
Jun 25, 2008 09:38AM
(Edit this message through the "fast facts" section)
Np man:).
Yeah I think all of these ppl know the potential and have done their DD, but everyone wants to get in as cheap as possible right...I mean they are human too.....so once we get near to results, they'll start to buy back in.....they may be long term investors, but with the downtrend recently pushed on by this anoymous (prob hedge fund lol), they are waiting to see if it'll continue to possible get in a bit cheaper, or if there will be a reversal.....bottom line is, you can't stop a good stock. Sprott is just a buy and hold until results....and cleary with all that early buying, they believe in this big time.
I was going through some old powerpoints just dated this past february, and it was interesting....I remember how talisman was only going to drill two wells for 2008...maybe $5 budget....but for them to come out and say $130+ million out of the blue means that these guys clearly know something. Gentilly #1 was a success, then they did a siesmic this past December and I guess clearly after analyzing everything, they see something even bigger....just thought I would note that AGAIN lol...pretty interesting to go from two wells to a budget of $130 million......caught me off gaurd there.
Rocco:)