"Ambivalence is the answer to that one. I recently took a hit in another stock though it has gone nowhere near to wiping me out. The market was blindsided by the news that came out of that one. I hope this revelation helps you and others to understand where I am coming from."
Rosco - I can appreciate your sense of caution - adds balance to the threads and people can indeed ignore if they find your posts tiresome.
There is a possibility we could be blindsided at any time in any stock we hold - blue chip or not, it's the risk we take. There's risk aplenty with GGP, and there are a few missing pieces in the puzzle which hopefully will be revealed in the very near future, but again, the moment you think management are trying to pull one over you it's time to get out.
I'm choosing to believe that things are still on track, with the potential to become very good indeed, but I lack the information to say they are on to a winner in the PB with certainty, and I won't be tipping this one to family until I see some good flow rates. If I find they haven't fracced wells 2&3 I'd start getting nervous, but my expectations are otherwise.
DJ
GGP Price at posting:
1.9¢ Sentiment: LT Buy Disclosure: Held