FDM 0.00% 1.1¢ freedom oil and gas ltd

winnie the pooh, pot of honey & the bear trap

  1. 1,795 Posts.
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    Coming Attractions: Don't miss this movie!
    No-one can really predict what MAD has in its reserves, although there is genuine potential. One thing for sure is that production is on its way up, and there is more than enough cash or exploration. The financial year end is guaranteed to bring good news on the numbers front. That's about 2-3 month's away.
    In the meanwhile, bears can do what they like. If they are simply selling their holdings and squaring up, its the same as booking profits...no big deal (and good on you, Winnie the pooh, and away you go with your pot of honey)
    However for the genuine bad bears who had no shares in their cave when they short sold, a genuine cause of concern is that they are likely to get badly trapped in a cage they can't escape, for such is the potential of MAD, that when that good news makes rounds after year end results, along with any potential new discoveries, it is very likely, that fund managers and other big bulls will get interested. These large buys will create panic reaction amongst the bad bears who will buy in desperate hope of covering their short positions, and this will further fuel the price upwards. Genuine warning for bad bears - cover up while you can. For holders - please d'ont panic. Fundamentals are strong, and resource potential is intact. Remember Warren Buffet's advise - D'ont book a loss. It isn't a loss till you make it one by selling. Be it 3 months, 6 months or 1 years' wait, you are bound to get a great return on your money. You just have to wait for the coming attractions :-)..good luck to holders
 
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