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Re: jonesieatl post# 1946

Wednesday, 05/16/2007 10:13:57 AM

Wednesday, May 16, 2007 10:13:57 AM

Post# of 7284
Good morning Jonesie! When exactly did gamble stop his ~ 20k daily buys? Was it about the same time a few folks started questioning his buying relative to the quarterly report? Just curious. I sure wish he was still buying 20-30K/day because ever since he stopped, the pps has tended to soften and actually is starting to fall back into the $8's again. Its really too bad we didn't get any good news (not more "commencings", "hirings", bar-b-ques) during that enthusiastic buying last week which sure could have propelled the pps a lot closer to the Russel inclusion minimum number (~$11?). Timing is everything and some folks have the golden touch and some don't. As I keep saying, I think being included on the Russel this year is very important in maintaining and even elevating the pps, at least near term. But, if being on the Russel is not important to the "powers of be", which it may not be, the pps will likely slide some ($7's?) and then bounce back later this summer when (thats the long in me) we hopefully get some big news about increased flow rates and proven reserves from the water flood/steam flood projects or, maybe something else even bigger? Time will tell.

Geo
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