Dudes, one thing a poster on this thread indicated that he preferred to by once the news was in confirming events etc. He preferred loosing 20-30% to gain the rest. At 50c, and news confirming he expected that he could buy in at 60-65. Based on last days activity, going past $1 prior to news being release is not unforeseeable as the momentum builds. I would then expect this individual would need to pay well over $1.50-$2 after announcement to get in after pre-open. based in his logic ELK would then need to go to to $3-$4. goodluck to us if it does, but $1.50-$2.00 is very good.
Never understood that principle for something that is clearly being adversely effected by the credit crisis and the fact that the CO2 technology is proven and the oil is there - just how much is the issue between zero and 23m. even in the mid range is still a very profitable enterprise.
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Dudes, one thing a poster on this thread indicated that he...
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