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First Explorer at the "Ring of Fire" and presently drilling on the "BIG DADDY" Chromite/Pge's jv'd property...yet we were robbed

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Message: For Alcollard

For Alcollard

posted on Jun 04, 2008 07:36AM

I'm certain that I will loose some points with this post. It's my experience in the ROF.

The first time we NOT marched on up to the $ 7 level Al warned everybody that the price would fall back to the $4 level. At that time I was amused by his comments and paid no heed to his warnings. I too felt that he wash bashing the stock. Guess I was caught up in the excitement and blue sky potential. What happened? The stock fell below $ 4 and kept going south. I never sold all the way down and held on until we once again marched to a new high. You must admit that if I had sold high and bought low, during the first run, I would have more shares to play with today. When I say high I mean a price for NOT above $ 6.75. A low would have been around the $4 mark. I would not have anticipated a drop below $4.

First lesson is over and we once again march well beyond the $ 7 mark. What should I do now? Al says we can’t sustain this level and we will move back down ($ 5.00?). Sounds like good advice in light of what took place with the ROF stock early this year. I sold everything and began buying on the way down. When I look at what I paid for NOT and other ROF players it’s clear now that the trigger was pulled too early. Taking some advice from Al I kept 50% of my cash in reserve for days like today. It certainly feels good to pick 30 k shares of NOT near the $ 4.00 mark. Thanks Al. Long and now stronger on NOT.

My SPQ purchase is another story. Al did warn us that SPQ was hands off because of the $300,000,000 outstanding shares. Did I listen? No. I purchased more SPQ shares for $0.10/share. Dam! Al was right about this one too and I didn’t listen to him. It was too tempting at $0.10/share. Well, here we are today looking at a stock price of $0.06/share and a possible 10:1 RS. Those of us with a 50% loss can’t sell today and will probably see further declines once the RS is invoked. On the other hand, I see Al waiting for a RS and the subsequent price drop to take a position in SPQ. Good for you AL! You deserve it for being clever and forthcoming with your intentions. I’m long and strong on SPQ but would have been in a better position if I had listened to AL. JMHO.

rosehill

P.S. I have 256K votes. I submitted a NO vote 2 days ago.


Jun 04, 2008 07:45AM
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