it may not be worth spending a lot of time talking about the stocks a buy or the stocks an obvious sell and blah blah blah. Don't forget what the company is doing and whats coming up. it would be easy to completely get broad sided about the short term details of the stock price. I understand traders talking like that, investors with a view simply ignore it to a large extent. i guess we have had a slow start to the program and people are a little frustrated but i am personally not that interested in who's right today. I am more interested in what the stock price is when i want to sell it. thats at least 1 year away and nearly a dozen new exploration wells away. How many companies have we all seen that have gone down only to ramp back up on some impressive news???? hundreds. MEO lost 90% of its value and yet it managed to claw half that back with little news. I saw heaps of guys saying it was doomed never to come back when all was quiet. oil companies are the ultimate surprise package and what looks ordinary today can look mighty cheap tomorrow. the program has only just started and insto's dropped $40m in the can at $1.37 when the oil price was half this. The company has had oil discoveries and remains in the very early stages of the game. anything can happen here, but the surprise is even more on the upside when its trading down here. time will tell. dyor.
OEX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
