overcoming the 4c barrier, page-45

It is pretty simple really.

The sellers for which I was one, are those traders that are happy to take easy no risk cash of the table. I bought in on Tuesday at 2.9 after announcement, held all week and sold Friday at 3.8.

I am not a punter and it is a trading rule that I do not gamble on the results of wells as they can go bad just as easily as they can go well. I would rather get in low, ride the hype and then take risk free cash.

The situation now is akin to "step right up, step right up and spin the big wheel! Who thinks that the flow rates will be so significantly improved after the completion of frac so as to continue to exceed expectations above what they are so no one sells into the news. Only 3.8c per share to play"?

Now, I know a lot of traders who would love the thrill of this punt. Similar to going to the ponies or casino. Thats cool each to there own. I truly hope that Monday's results are outstanding. But remember they will need to be outstanding because the market priced this stock at betweem 2.9-3.2 after the anouncement on Monday, and it has run to 3.8 on hype and expectation alone, so the flow rates will need to exceed these already high expectations to prevent traders selling into the news. (Which by the way is standard play all other things being equal)

So it is those that wanted risk free cash and are happy to move on the next trade that sold on Friday, and those that like a bit of gamble in their lives that are hanging in for the results.

Love the markets, and good luck th holders. But too risky for me.