marching out of step, page-10

re: marching out of step/jbmurc SP / JEMBSB

The fact is the market is not irrational or stupid. ARQ has been falling I believe for three reasons:

* Concern over failing production in the next two years
* Lack of exploration success and
* A terrible looking chart

Now why buy or hold ARQ when the majority of oilers have at least two of three factors going for them? That isn't the instant gratification crowd, that's just simple common sense. And those who have done this would have made money instead of losing money in the last 6 months in a raging bull market. And SP talks about winners and losers?

Also most negative / balanced posters aren't bagging the company just commenting on the facts. I personally believe that ARQ might turnaround but needs a spark to get going. COE is a good example - mature production with heaps of cash. Once they acquired the acreage in Madura they were re-rated and quickly too.

It's those saying the "market is wrong, the market is stupid - I am right" who have lost out with ARQ not those with balanced viewpoints.


Mookie.