fri arvo sell off and stop losses, page-8

There's obviously a lot of people riding this by the seat of their pants, but as Friday showed, there were plenty ready to come in and scoop up the sold shares.
What it means is that a lot of people have a higher entry price in the 15 to 20c range, so as the average entry price rises, so do expectations for the 'resting price' after hte well is drilled to total depth.

The higher the start price now, the higher we can expect it to go on GOOD announcements with REAL gas - but I can't stress enough that everyone needs to exercise caution.
Others have given statistics as to what percentage of wells end up being commercial, and it's certainly not a high percentage, so we are basing our entries ghere on not only Para #2, but having a potential gas FIELD.

From the announcements we've had so far, there is little to suggest that they won't have a commercial well - but of course people are justifiably nervous, and perhaps more trigger happy than usual, as it's a speculative well with what we could call questionable management, after looking at their history.

Still money to be made, but happy to see that people are doing it carefully, not just throwing it away.

It seems many of us took Friday as an opportunity to thin down a bit.......hopefully the rest of you can laugh at us if this week is a flier!