Golden opportunity

Note: Long post, worth the read though

Let me get this straight.. Two significant oil discoveries.. 25 and 16 percent chance of success.. Both succeeded.. Yet share price and market capital are both down.. Under what it was pre-discoveries..

Alright.. First of all, fear and greed.. We got some "bad news" today (ridiculous that market is reacting this way), and everyone goes into panic mode.. Some people are greedy and they sell, even though the upper target, quote "morethan compensated for the lack of hydrocarbons in the lower, carbonate target"..  Next.. Fear.. Bad news is bad news.. Its bad news in it self, but not overall.. People are selling because they expect others to sell. The people who have common sense and know how to read an announcement are either holding, or maybe selling and buying in at lower prices + topping up..

Emotions like hope, greed, and fear dictate stock prices rather than logic and value.

Lets have another quote "The enormous success of the upper sandstone objective in the SNE-1 well is substantially in excess of our pre-drill volume expectations".. Look I don't care if the oil is in the upper target, lower target, up in the sky, up in space or on the moon.. We got to it.. We discovered it, and people are so impatient, greedy, or scared, that they don't understand that the SNE-1 well was better than we expected..

Im not going to complain about a chance to top-up at these ridiculously low prices.. The market reacts to FAN-1 discovery, then reacts to the SNE-1 discovery, but after a while its as if it never happened.. Short term memory only here.. These people who are running away can do whatever they want, because after all “The stock market is a highly efficient mechanism for the transfer of wealth from the impatient to the patient” - Warren Buffet..

Im patient, how about you? Pain before gain people.. If it was so easy everyone would be rich.. Here is when the strong are separated from the weak, the patient from the impatient, the intelligent investors from the emotional investors, the rational thinkers from the irrational thinkers, the people who can take the heat from the people who just can't..

Only negatives from this announcements:
1. Meerkat, RussianRoolet and all the other trolls are back, and I'm frustrated as hell with their complete non sense about "too many shares", "not enough funds", blah blah blah.. Bright side: Every great story needs non believers and doubters, makes the victory even sweeter

2. Aqua, JujuM, JP, and a few others have said their goodbyes, its very sad to hear.. This forum has been taken over by complete non-sense.. Every 10 posts only 1 is actually decent..

Let me finish off with a few quotes from Warren Buffet..

“Only when you combine sound intellect with emotional discipline do you get rational behavior.”

“We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.”
So right now everyone is being fearful, here is where we get greedy and top-up..

“Unless you can watch your stock holding decline by 50% without becoming panic-stricken, you should not be in the stock market.”

Benjamin graham -
"The market is a pendulum that forever swings between unsustainable optimism (which makes a stock too expensive) and unjustified pessimism (which makes them too cheap). The intelligent investor is a realist who sells to optimists and buys from pessimists"
Right now I believe it is at unjustified pessimism..

Which leads me to my goodbye, this forum has gotten ridiculous, so I'm leaving, might be back soon, depends if the quality gets better..

THE FUNDAMENTALS HAVE NOT CHANGED, ONLY GOTTEN BETTER.

As JP said, our smiles will be 5 times bigger. But ill add to that, they will only become bigger after they are tested. So lets see who can keep their smile.

GLTAH.
Keep calm.
Fichman