could be good news, page-9

I HONESTLY cannot fathom why anyone with the brainpower to operate an electronic device capable of trading shares, is treating the immediate and current price of oil as a reactionary indicator for sound/unsound investment in a speculative oil exploration stock!

It's completely illogical. You either believe that the exploration company will find oil, or you don't. A significant trend, yes. But the oil price sinking $2 a barrel this way or rising $2 a barrel the other way in a day should NOT immediately change your position in a stock where the largest determinant of investment value, still yet to be decided, is whether you actually have any oil or not...not the bloody worth of the stuff! You'd think 88E were a company who buys and sells oil in the now...even if that were the case, to base value of a company's future on minor fluctuations is insane in the membrane (insane in da brain).

On a grander scale, this is essentially how market crashes happen. Humans have a fight OR flight response, but by golly, for flightless mammals we sure do a lot of flying in our lifetimes!!!