TXN 0.00% 58.0¢ texon petroleum ltd

excitement dwindling, page-30

  1. 13,982 Posts.
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    I think we all share your feelings Magic Man but seriously, if you sell out tomorrow, where do you put your money?
    I'm currently deep in the red with TXN so have had to go back and re-look at things. With TXN's next 5 months, I'm very comfortable that there will be a good reward from current SP. Gradually they are derisking and it's up to the individual trader if that speed is quick enough for them.
    Currently, I believe there are many small-cap oilers trading at big discounts, but there is less money being invested therefore some stocks (like TXN) fall out of favour. But their business model hasn't changed which is why we bought the stock in the first place.
    I held AUT for over 2 years before things started happening in 2010 but that year was quite bullish. I think we're all expecting similar things of TXN in a very bearish year.
    Just my ramble.
 
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