NSE 0.00% 0.4¢ new standard energy limited

board and broker coverage, page-7

  1. 37,286 Posts.
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    Have a read of the posts during January '12 ~ end March 2012.

    People were throwing so much fuel on the fire. The hype was way over the top.

    Some one even suggested share price approx $1.20 per share just before drilling started.

    It's very plain to see people were making decent profits. When it had been overbought people started taking profits off the table.

    I would dare say it was overpriced predriling, thus there wasn't much room for extra upside. Hence it didn't happen.

    Those sitting on some profit took it off the table, you can clearly see the price retracing.

    Then you think about getting out before drilling finishes, if successful you can buy back in.

    It's got everything typical of wildcat drilling.

    If you didn't see the flashing lights & alarm bells going off then what can you say.

    Next time play the game the same way as the professional traders.

    ..
 
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