GulfSlope Energy Inc (GSPE)

[smith199]

GSPE got a whoopin’

You certainly got that right. An out and out thumping for sure. But this was always part of that strategy, was it not?

The share price had a chance for a while. But greed to incite sales for lower and lower prices won out.

Personally, I believe that the shares were pushed down far too low. Recovery may not be impossible, only extremely difficult, and there is nothing to inspire anyone to act.

Many believe the shares have no value, and so, no one will pay anything for them. It is only trading games being played. Nothing of substance.

Yes, the share price has been falling for three months. What makes anyone believe this stock price will go back up? Greed has it’s limits, just like anything else. I see absolutely nothing having enough influence to lead these suffering shares back from the abyss. Am I missing it? Explain where I am going wrong.

There is no news so far that will drive the share price back up. As you mentioned, there are still more than 1 billion shares “in it for the win”, and that is the only thing keeping things going.

I am not confident that is going to be enough. Time is a factor and the shares may not be able to hold out for positive news.

And if the shares do struggle enough to rally up some, shares will just trade out, driving the price down again. Too much competition to sell too many shares will drive those final nails. A classic example of ‘Burning the candle at both ends, doubles the risk of being burned’.

In my opinion, only partner news of the right kind saves the GSPE shares from here.

Thank you for the good luck wishes. They will be needed.




Mrs. Smith