north sea read .., page-22

re: north sea read .. salty jocam9...

I sense some bitterness in your posts on NDO.

I seem to remember you selling your options to me for about 1.2c...and "bailing" out of the shares at 4c.

I also remember you posting headings like..."t4p you need a reality check...".

I have not read any of your publications, articles, reports or what not, so can't comment personally on your abilities to conduct FA on junior oilers...however, from what I have read from various people here at HC, they do seem to be a worthy reference.

In light of this, I suggest you perhaps limit your comments to what you do best...fundamental analysis...because from what I have read of your various technical assements over the years, they really do leave a lot to be disired.

I suspect some people may have been influenced out of NDO in the early stages due to your recommendations...sandybeachs for one.

The market is a living breathing creature...sometimes it makes sense and gets it right and sometimes it doesn't...the bottom line I guess, is that good fundamentals do not always equate to a good share price and vice-versa!

There is far more involved in determining market cap than just FA...especially in the speculative end of town.

I can remember your various calls on PSA and more recently on NDO...particularly when you advised everyone that you thought it was over-valued around the 4c mark and suggested we all put our money into safer oilers such as AWE ($1.97 down to $1.71) and ARQ ($1.13 up to $1.74)...you also recommended FAR (7.4c up to 7.7c) as a speculative play!

In the meantime, NDO has gone from 4c up to 7c...so anyone who followed your advice and swapped from NDO would be out of pocket!

It would appear to me that you are not doing your "junior oilers" newsletter any favours by specifically commenting on shareprice performance.

Probably best you just stick with FA and leave the share prices to the market.

Cheers!