hebei (china), page-8

Hi MV,

Dazed has posted much on his reasons for not holding. Review his posts. Start with post 9477551. 67 thumbs up last time i looked.

My entry is below 60c. Many would say that is fanciful (lol). As I said, I may get it, I may not. I've made a business decision, with a clear strategy, based on my own tea leaves, coffee grinds & spilt milk analysis, along with excellent general advice from Lory, who has also given you the same advice. Ultimately the responsibility is my own, win, lose or draw.

The SP is sitting at 50% Fibbonacci level of the run up from 50c to $3. The mid point. Has just jumped above the 200d & 50d averages. Could go anywhere from here. Without a sustained sentiment change I think ( & hope) we're headed South (sorry holders). Six '1000 BOEPD' wells might do it ( 10 wells x PB 60% Rule). A possibly poor quarterly is an obstacle. My crystal ball is cloudy :-).

One of the things I've learnt is to take the course of least regret, based on the information at hand, & live with the consequences. As I've said previously, I think the SP will revisit $3 and probably beyond, but perhaps via 60c & less. IMO the only way you will lose is if you sell low.

Best of luck.