selling pressure, page-16

Dear Xerxes_ph et.al.

Yeah quite frustrating on the Beach at the moment. Kinda like having a bad surf in near perfect conditions. I don't have too many answers to current stagnation in sp though. Sometimes the market makes no sense. Today for instance, 1/4 ^ in interest rates, Pivotal suits in USA warning of major correction so what does our market do...head north? go figure eh :-Z.

I understand your 'opportunity cost' dilemma. I agree with Hellyeah though in that I don't know what other oiler I could invest in with as much confidence as I have with BPT. Rival AWE? perhaps, Blue Chip hero BHP with it's energy interests? Perhaps Wonderful Woodside. There is always the speckie penny dreadfuls that could bring short returns (with risk). I spun a winner with Golden State Resources (GDN) last year and doubled money in short time and luckily sold out when they got to 6000 below... but now look at the carnage in GDN's sp. I thank God, budda, King Neptune and Elvis every day that I wiped my hands of GDN.

Sell out if you want 'cause you have to have full confidence in your investment. As for me, I am staying with the Beach. Holding on because I do sense $1.60-$1.80. Good luck in the decisions you make.

Capt. Goodvibes