Re: day traders.... a problem for many years
posted on
May 28, 2008 08:35AM
Just one more point that I want to make. The current SP is low and the stock is undervalued as we may all agree . If most of us are invested for the long term, fluctuations in SP or even if daytraders trend it lower ,should not matter too much in the short term. The company has plenty of cash on hand for probably all of its 2008 drilling program and I want to re-iterate that lets "see where the rubber hits the road",in other words lets start seeing (hopefully) some good to excellent drilling results. IMHO THAT IS WHERE OUR FOCUS SHOULD BE AND NOT ON THIS CRAZY NOTION OF A R/S. Good to excellent drilling results will take care of many issues. IF THE DRILL RESULTS ARE NOT GOOD,THEN THE R/S WILL MEAN SWEET NOTHING ANYWAY,IMO. I just do not see the merits of any R/S at this time and I would hope the company would instead devote all their energies on the drilling mission. I would rather see a SP lower and wait for good drill results then giving an opportunity to daytraders to work, say a SP of .80 (post R/S) down to the twenties.