Spec, a sincere ‘Thank You’ for the kind words regarding my post to Tiger01.
Some encouraging news. The U.S. economy is showing signs of disinflation. There was a reduction in the PPI, and the CPI data reflects the lowest level since March 2021. U.S. Treasury yields are attempting to moderate, but Equity markets appear to be on the upswing. And WTI is still trading at a 3 month high.
Will any of this bring relief to Gulfslope Energy? I cannot say. But hopefully the declining share price will not trigger a reverse stock split. Nonetheless, Gulfslope Energy continues to issue audited financials, 8-Ks and 10-Qs. Not signs of a terrible company.
Yes, there is speculative risk. But there is also still more to be gained by sticking it out than there is by selling out at these prices. And, even a blind hog can still find acorns, so perhaps we should not be in a rush to give up at this point.
Now for some general comments for other readers. I enjoy reading those worrisome posts about the ‘effects of a big trading day’. You know, the one where .003% of shares traded (4M shares). Allow me to point out this is even less than 1/2 of 1% of outstanding shares (let that soak in).
And I suppose that the other 99.997% of shares that did not trade do not count for anything and we should all just ignore them? As long as this minuscule volume is all there is, how can it be determinative for the vast majority of the remaining shares?
As far as GSPE shares are concerned, it is not a mistake to follow the whales over the advice from these posts. But only you can decide your path. I will concede that if you are a momentum trader, there are better stocks on which to focus. The big money to be made from GSPE shares will come from the investing side of things.
The exploration business is not for those requiring constant reassurances. There are many facets that must be addressed, both financial and technical, and these take a great deal of time, effort, and money. So hand-holding is not a priority.
With a clear conscience I say, if you feel like you need protection from a difference of opinions (Kool-Aid), maybe this is not the best place for you. But the choice is yours.
And again, I stress that the big money in GSPE shares will come from investing rather than trading. So, if you are not making money, it is not because you are unable to purchase shares low enough to trade for a profit, it is because the bit is not yet turning.
Before you leave, consider that any partner news gets the share price significantly up on the same day. Same for drilling news. To say nothing of the share price after an actual discovery. This is not just looking through rose colored lenses. Facts are what they are. A coin has two sides. See both sides of it! The share price has only declined because of no news, not because of any bad news. And as long as the share price continues to decline, there is only a small chance to trade for a profit.
So, who is it that is saying it is over? And why do they wish for us to sell off our shares so cheeply? And who is it that is buying these shares without hesitation? And, if things are as bad as we are told, why would they?
With all that said, the advice I have for other readers is to keep things in perspective. Be objective and analyze. Leave emotion aside. Nothing ruins stock trading faster than a healthy dose of emotion. Best to focus on identifying and discarding misleading information. Just in case there is any.
Mrs. Smith
