As usual when daytraders get involved, all common sense goes out...

As usual when daytraders get involved, all common sense goes out the window. Only a junior day trader who has confessed to using up his initial $5000 stake could make good news out of a p&a.

Happy days, we have oil!!! Yeah, so does my kitchen pantry, three litres of vegetable oil in fact. I wonder if Wilson and company want to buy shares in the IPO I'm planning, because there's no way known I'm going to P&A it.

There is the small matter of a vendor consideration of course, but I'm the one taking the risks aren't I? And I can tell you straight up without breaching any insider trading considerations that as long as Coles and Woolies are trading there appears to be an almost unlimited supply of the stuff.

Like Andrew King, Phillip Kelso, Joe Gutnick's sister whose name I forget, and lots of other experts, I can be completely trusted on this one. Email me in Nigeria for a prospectus, or just drop into Coles and pick up the latest catalogue. They're the same document.

Psst! Psst! Can't say much more! Back up the truck, boys! But whatever you do, please just shut up for a while.

Unlike some of the self-appointed experts around here I don't make price forecasts based on dreams and hope, but 4.5 cents is not out of the question at all. 5 metres at Chilton and zilch at Marino is not exactly the new Bass Strait.