Monday, March 12, 2007 3:17:40 PM
We certainly have seen a number of players decide the risk isn't worth the wait any longer.
I sometime wonder about the reason for the return from coma last spring. I seem to recall something being said about those long-time investors who had been hurt by the longtime quiet period and how a new life was born to give them relief (my words) and then we saw the bump to the $.20's. Was this their relief and a new batch of bagholders took their place?
I've a holding here of only $5K of mine and $5K of a Sister's money on the line here, but I did think the word of these men of such credible history was worth investing in. I haven't changed this position. I catch myself wanting to double down here, but check myself before pulling the trigger. We were told in a PR that this 1st quarter would see a rig in the Gulf. I am still waiting!
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