KEY 0.00% 0.1¢ key petroleum limited

Geezer...Seriously mate...you are dislaying all the traits of...

  1. 15,276 Posts.
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    Geezer...

    Seriously mate...you are dislaying all the traits of the worst of HC posters.

    For your informations, the shares were trading at 6.7c the day before the "company making announcement" declaring a gas discovery...they are definately not below that price!

    All news since has simply been building on that initial discovery announcement...the next will be no different.

    With respect, you may want to reasses what exactly it is you want (or expect) from your experience in the market, as your posting regime clearly suggests you would never be able to ride out the highs and lows of sticking with a stock like FMG or PDN for example, long enough to actually enjoy the rewards.

    KEY is an excellent stock, but it is a longterm stock...when you get an influx of short-termers with typically impatient expectations, the stock can be expected to rise under the influx of buying pressure, then fall under a similr pressure from those looking only for the next intra-day trade.

    The whole market is down...in fact June is looking to be close to, if not the worst June on record (it is already the worst since 1940)...so in light of this, one might argue KEY has performed very well.

    I have a decent investment in this...and am not worried in the slightest.

    Assets in the graound with real value do not simply vanish, so in spite of market driven fluctuations which impact the intra-day trading price of the stock, the longer term value will be realised.

    There is nothing to worry about here...really.

    Cheers!
 
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