GulfSlope Energy Inc (GSPE)

[Bobwins]

volume much higher than recent days. No news so some profit taking, which is probably good for short term speculators. Stock has more than doubled on speculation of the upcoming drilling. Short term traders can take their profits without worrying about the actual results of the drilling over the next several months. I think this downturn will be short lived because the stock should go back up when the actual drilling begins.

I bought a few more shares at .121 but it's close to the low of the day so we could see further weakness in the next few days.

Still going to hold thru the drill results because I believe that mgmt has done their homework and has good drill prospects in their portfolio.

Having a billion dollar partner is a big plus and early success would really add credibility to Gulfslope's plans.