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Why are you selling?, page-33

  1. 530 Posts.
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    To offer my point of view, sold in the mid teens from holding in the mid 1s, one of my best trades of the year. Was always a trade, nothing more. “Fundamentals” as Johnny and many others have elaborated on look really solid, and looks like it has a decent chance of finding something, but at this stage it hasn’t no actually proven up anything yet.

    Holding into any drilling is always the riskiest part of any trade. You have to accept the fact that they may not actually find anything, and if it doesn’t, then the SP will obviously tank quite hard. Some are willing to take that risk, some aren’t. Have held into drilling a few times, been both burnt hard and also made a lot other times. Will be waiting for results before deciding to re-enter
 
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2 281283 11.5¢
 

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12.0¢ 227890 6
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