re: nwe >> going down to 7.5 cents I have the opportunity to day...

re: nwe >> going down to 7.5 cents I have the opportunity to day (thanks to a payout) to buy another 220000 shares of NWE - I mean it made sence, and they have a strong program ahead.

But I didnt - I took the money and immediately put it against a line of credit that's been hassling me. I feel much better. Besides, NWE is pretty much a safe bet medium term. And if I had the cash free I would just pissit up againt the wall

On the serius side, I agree with AC Turtle, profit is profit, but two days is only two days. . . anything can happen by friday and when well two starts drilliong we may go thryu the same round of bouyancy again. My logic says:

- NWE with a PUD machine targeted at 100 wells in a continuous drilling cycle, must mean the share price increases. Even at 5 well, 10 well, 15 well . . this wont be bad for the company (kinda like taking vitamins, there's not much that can go wrong with it).

- NWE making an announcement about a speculative playu in india with Oil India . . Cant hurt . . even if the announcement is "we decided NOT to do anything"

- NWE starting a drilling round in June with the other appalacians project - cnat hurt

What can go wrong? Appalacians one can come a duster . .. low chance, but if it does, then there is appalacians two only aheartbeat away (one month) - it's not like molopo with a one hit wonder . . it's not like oilex with a massive hedging on a single expensive well (actually, was that oilex, cant remember)

What else can go wrong - Joe could leave? doubt it . . they could lose all that 8m they have spare at the casino - doubt it . . realisticaly it's a safe bet with minimal cash burn

Anyone care to add/change/delete any of this logic?