Our unique Foolish take on what’s really happening on the stock...

Our unique Foolish take on what’s really happening on the stock market.
Wealth Beyond Your Wildest Dreams
By Bruce Jackson | Tuesday, April 17, 2012

Dear Fellow Share Market Investor,


The ASX/S&P 200 is stuck.

After an encouraging start to 2012, it now can’t seem to break away from the 4300 level.

No doubt some candlestick, Bollinger band or moving 42½ day average (with pike) will be able to explain this phenomenon, but we put it down to ‘much ado about nothing.’

And nothing is the operative word.

The Australian economy is doing nothing. Nationwide unemployment is doing nothing. And the Reserve Bank of Australia is doing nothing...until next month anyway.

Even Maverick Drilling & Exploration (ASX: MAD) is doing nothing, its share price stuck around $1.20.

Trading volumes have dried up too. The Foolish world is patiently waiting for the much anticipated oil reserves upgrade, due late this week, or early next week. The tension is palpable...

Speaking of Maverick, we received an email from John, who took issue with us taking credit for Motley Fool Share Advisor Investment Analyst Dean Morel being the person who brought Maverick to the attention of the investing public...

“I have enjoyed receiving your emails and views on shares and the state of the world economy generally. You have clearly shown the ability to tip some good buys, but might be time to stop giving yourself wraps on MAD. RBS Morgans, which has a much wider client network than yourselves, has had a buy on MAD for over a year, when shares were about 19 or 20 cents. I think they might claim to be the ones who brought MAD to the attention of the general public.”
Dancing in the streets of Texas
Fair enough. We’re not going to argue.

The Motley Fool’s purpose is to help the world invest better. Investors who bought Maverick at around 20 cents and held through to now -- no matter where they heard it first -- will be dancing in the streets, oil bulls and investing geniuses for life.

Six-bagger winners in such a short space of time are few and far between. And remember, Maverick was not some highly speculative penny share...it had cashflow and assets. It’s now got more of the latter, and the former will surely follow higher.

For fear of flogging a bucking bull, we’ll move on...