Industry Expert

These words from Aquas post about T/O targets over the weekend have had me thinking.

Industry expert Malcolm Graham-Wood.

What doe an 'industry expert' do?

Bruce McAvaney is a sporting expert.
Mike Sheehan is a AFL footy expert.
Ray Warren is a Rugby League expert.
Laurie Oakes is a political expert.

What do they do all day everyday?
They talk to people in their chosen fields.
They know everybody and everything.
They have vast networks of friends, colleagues and acquaintances.
They keep their eyes and ears open.
The read, study and watch their respective fields until they earn the moniker 'INDUSTRY EXPERT"!

Out of all the oil companies out there, he picked FAR as a T/O target.

I wonder what he has heard or knows?
Maybe he is just a realist.
Maybe he knows small companies with large reserves get taken out.
Maybe he knows we are ridiculously cheap.

The more i think about this, the more excited I am getting.
I would rather listen to a small time industry experts like Malcy than Goldman Sachs or Citigroup.

The SP held up well on a big red day.
That's a good sign.

I think the selling is looking exhausted.
We finished well off the lows.
Be interesting to see if we can rally from here.