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"There hasn't been anything of value (in terms of information) going on for some time. With that said, the entertainment factor with those who are growing frustrated has been worth the visits to the forum.
For those who add true value, your words are worth much more than the entertainment. "
Well, that about sums it up. First, an admission that there has been NOTHING of value for a long time, which to me means NO ONE has added any value for a long time. The reason? There isn't any value to add. You can't get blood out of a turnip, but some of you sure do try. That's the entertainment for me.
"then hate it but you need not post it here."
I agree personal attacks are unwelcome, but dissenting opinions too? This is not a forum or discussion board, it's a cheerleading board for the "believers", and hence worthless to anyone wanting to discuss risk/reward.
I own xxx,xxx shares of this stock and I think it's a POS. I have what I consider to be obvious reasons for that opinion. I have no animosity toward anyone here - I was once one of you and I sincerely hope you all get rich. For me, I'm looking to sell at around a nickel for a nice profit but I'm not at all optimistic I'll ever see it.
This is very disheartening news. Mr. Haire surely understood the value of what he was buying just as Mr. Millard understood the value of what he was selling. No one on this board can realistically claim to understand it better. 16 grand for 52%.
I've been holding (and trading) since the late '90s and I'm putting this one permanently into the rear view mirror as soon as I can find a willing fool, ooops, I mean buyer.
Cramer:
What a difference a few months make in terms of recognizing that oil isn't going down big anytime soon. Last night, GlobalSantaFe (GSF:NYSE - commentary - research - Cramer's Take) sold 20 million shares of Kuwait's stash and the stock hardly batted an eye. What a contrast to the deal a few months ago at much lower levels, where the print price was violated almost immediately and everyone was walking around long the darned thing.
If this is the year that all oil went up, next year will be the year when companies like Conoco (COP:NYSE - commentary - research - Cramer's Take) and Chevron (CVX:NYSE - commentary - research - Cramer's Take) have to pay up so much for properties that the only companies that will get a great return are the drillers. It simply makes no sense if you are an oil company to buy these big properties and then not get a payback in terms of wells sunk.
That means that a GlobalSantaFe is going to be a stock worth owning. That's what's going on with this stock today; it is a sign that people are making a bet that 2006 will be a great year for the Oil Service Index (OSX), even as people like Bob Marcin have to come to grips with the Conoco overpay.
Look for this trend to continue. It is why I am holding on to my Halliburton (HAL:NYSE - commentary - research - Cramer's Take) for ActionAlertsPLUS, and why I have been rapidly accumulating Foster Wheeler (FWLT:Nasdaq - commentary - research - Cramer's Take), because that makes the most sense of all for all of these big infrastructure plants that need to be built to monetize these assets.
Well, here's one place we're off the charts...
http://nasdaq.riskgrades.com/clients/nasdaq/understandrg.cgi?tickers=tdyh&x=9&y=10
Think Drills and Rigs for Oil Bets
By James J. Cramer
RealMoney.com Columnist
8/1/2005 9:57 AM EDT
The Saudi Arabians really did figure us all out. They really did play us well. Now that oil's up at $60, we have nothing in the pipe to replace oil because for so long, everyone who tried to come up with alternatives or drill for more oil in a big way looked like idiots.
Take a listen to any of the big driller calls that just happened. They are proof that we are nowhere near providing enough oil because we simply haven't built enough rigs, deep-water rigs, to find oil. To build was simply not economical for so long that now, the situation is pretty hopeless. On the Diamond Offshore (DO:NYSE - commentary - research) call last week, we heard some seriously discouraging data about how few shipyards there are to build the boats we need to drill. We are booked through 2007 and we will produce almost nothing because we have no capacity to build.
That was part of the brilliance of the Saudi strategy: Keep oil cheap and nobody will do anything about finding oil in a big way. This whole industry, the drilling and exploration industry, has been underfunded for more than 20 years. It will be at least 10 years before we have the infrastructure we need to find oil more regularly and without huge costs.
Meanwhile, as we wait, there will be huge excess profits for those who drill and have rigs, for those who waited out the strategy and stayed in business. There are only a handful of companies that did. They will reap the rewards.
I believe that most of the analysts who follow oil have no idea about the depths to which this industry fell during the 25 years of oil being held to an uneconomic price. To believe that we can ramp up supply to meet the demand, now that the Saudi strategy has been tapped out, is ridiculous. Higher oil prices are here to stay, and if you don't invest that way, you will fall behind.
Don't believe me? Listen to these calls. We are nowhere in coming up with energy alternatives and nowhere when it comes to having rigs off or on shore to drill more.
What a joke we have become.
Go make money from the joke.
I don't think PRs will help if there's no substance to them. The only thing that will help substantially is a PR stating a specific date for getting off the pinks and becoming an official reporting company.
THEN, they'll still have to follow that with a statement of good earnings so investors can determine a reasonable valuation for this company.
Until then, the pps can and probably will continue to fall. I should have known better than to hold this one - pinkies have to be traded.
Thanks for your efforts Doubloon.
One unfortunate consequence of the low pps is how much more difficult it will be to reach that $20 value. Lots of folks are in at $2 or less and many will sell for a double, triple, etc.
I'm here for bigger rewards but it'll be a bumpy ride up at best.
There is no bottom. There is persistent selling and not enough buying to offset it.
If this continues with no positive news, we'll go under a dollar.
What happened to the PR company they hired?
Doubloon - Thanks (eom)
What I'd like to know is who's SELLing thousands of shares at $2.50?
If they're not insiders, then how did they get the shares at prices below this?
If they are insiders, then shares aren't as restricted as we think.
If they're recent retail buyers, then they're nuts (IMO) to bail here at a loss.
I was under the impression that insider shares were restricted, so who's selling at these prices? Considering the consistency of the sales, it must be someone who got them cheaper than this - meaning either the company itself or an insider.
Whoever it is, they either need cash badly right now or they have little confidence for future share price appreciation.
I'm disappointed with the rate of progress here - expected several positive PRs in May, but since we didn't get any, we instead got a falloff in share price.
Oh well, fairly typical of a startup company. As I said, disappointed, but holding for better days ahead. I did my part to try to support the share price and am tapped out - no more shares for me. Bought a little too early - congrats to those with the patience to wait on this one.
I remain confident it will pay off nicely.
I'll be doing the same.
I agree it doesn't LOOK so good, but it may BE good. The company needs exposure. To get the share price moving up, we need new investors to find out about this company. New investors are likely to like the prospects here if they only knew about it. It's a win-win for the company and for the new (and old) investors (all IMHO of course).
This company is just getting started. How is mgmt. supposed to get the word out? You have to pay someone to help provide the exposure to more investors. And the fact that the PR firm can't sell their TDYH shares until the contract term is up in 2006 is a very good thing, again IMHO.
I like the way this company's mgmt operates.
Maybe this new stock promoter will help get the word out. It really seems to be a good story so I would think more investors may want to jump on board early.
I expect a bumpy ride here for the next several months. After all, this is a pinkie and the MMs are free to play their games.
I'm not going to trade my shares much, though, because of the explosive potential on news. There should be quite a bit of good news coming along.
Second chance to get in at a good price, IMHO.
Two reasons come to mind for why it may be advantageous to have family & friends be principle owners of much of the outstanding stock:
1) It was implied on the call that these holders are not going to sell for a quick buck, but are looking more long-term for the big rewards to come.
2) The stock may be restricted with a requirement that it can't be sold until a certain date.
Very interesting possibilities here. I bought some last week and early this week for cash and retirement accts.
Listened to cc this morning. These guys seem to have a good plan. I'm going to hold for a while & see if they meet their goals as projected.
GLTA