re: Ann: Annual Report and Notice of Annual G...
"PL(ayers) company's are not for investing, only for trading, and only once the insiders are set."
Agreed, though I would point out that you can make very good money if you trade them right and get out when the euphoria starts. Not talking about a typical 5-10% trade, but a good 'trade' of Range can net you a good 50%-100%+ at times.
Like let's say Georgia is announced as a duster, and the price bombs down. We're still a few months off anymore big drilling (Herreras/2nd georgia drill?) so you'd end up with a low price as everyone runs to the next hot stock.
Buy in then, hold until the drilling is about to start, then sell- you'll normally make good money.
Range is definitely one to buy in quiet periods and sell in 'busy' periods. Every piece of 'highly anticipated' news inevitably disappoints, but the run up in the share price in the buildup to that news is where the money can be made.
Always remember to 'price in' PL's overestimations into your buy in/sell out price though. If PL promises 1000bopd, he means 500bopd. If he says 1 month, he means 2 months, etc. If you remember that and don't get sucked into the hype this can be a very lucrative stock.
RRS Price at posting:
14.5¢ Sentiment: None Disclosure: Not Held
