KAR 1.61% $1.53 karoon energy ltd

picking up dst , page-9

  1. 415 Posts.
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    Not a bad move at all Namvet, I did a similar move late last year and got out around $11 after getting in way back when it was around $3 before many people had even heard of Karoon. I originally intended to be in for the long haul also, but couldn't resist taking the profits. I knew eventually some bad news would come out (late sept 09) and so I got back in at $8 and am now in the same situation all over again, especially if the results come out tip top! As they are still such a long way from production there is always a chance of a good dip in the overall market and then a chance to get back in at a cheaper price, however picking a good price to sell out is a tough one, I would say the day of a good announcement should get it above $15, then probably climb to around $20 in the following few days as more people jump on board. From there it will just float around I guess with the overall market. Good luck with whatever you decide!
 
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