ciggys you are right i did not understand. I am new to oilers so when i saw the bullish announcements at the start of the year proclaiming oil shows over 143m i got caught in the hype, hook line and sinker. In fact i am the one scratching my head wondering how in the blazes they could come up with these amazing oil shows and then at the end of the day announce that they have found dribbling amounts of oil if at all...look at the first section and the second! So what happened to those oil shows that reached as far down as 143m.
I am still scratching my head wondering why i removed my stop loss at 41c and why i bought more at 35c. I think i need to do more than scratch my head in future but perhaps have it read as a matter of urgency. After the placement, the stock did a u-turn and it simply has not recovered...do you not see this?
I am very reluctant to sell as my loss would be huge and cling to hope that they will within the next 6 to 12 months live up to some of the earlier hype.
I am fortunate in that i do have a full time job and can thus afford the luxury of holding on but i feel sorry for those in a less fortunate position.
So let's get real shall we as the fact is that this stock is worth roughly only one third of what it was earlier in the year for those, such as myself that bought the 143m oil shows story.
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