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Re: Know-Nuttin post# 112137

Tuesday, 11/27/2007 2:05:49 PM

Tuesday, November 27, 2007 2:05:49 PM

Post# of 362559
Buy when people are selling. Sell when people are buying in a frenzy.

Buy when there is blood in the streets.

Anyone ever have any success with these types of strategies?

Fundamental investing will always outperform in the long run. Pull your emotion out of it.

This is fully expected tax loss selling and no news drifting as drilling is a year off (give or take a year, LOL).

The assets are still there and they aren't getting any cheaper. This stock will jump with any number of positive pieces of news. Buy out; Buy in; New rig of opportunity; New CEO; STP EEZ block news; New acquisition of different properties; new news on blocks 5 or 6 or 9......

It is tough to watch the pps drift for all of us but the rewards will be fun as we eventually watch this fly. For those with means and guts, buy a little more. It could end up being a new years gift for yourself. Imagine a few shares in a Roth IRA. No tax on the capital gains....

Good luck all.