Very good post. I'm glad you are saying it now and not later after the fact, when the shareprice tanks or not.
I actually tend to agree with your post. You got to have an exit strategy, and anyway you slice it or dice it, people were selling today.
I contemplated the same thing today, actually. I thought if it would be good to sell some shares taking out some of that seed money and letting the rest ride. I decided against it.
What's your hunch on Oily? On his way out he may have been telling the truth on the one hand, but he may have just as easily had some sour grapes. Whenever I lay off an employee in my organization, in their head it is always because the management was no good, because that person just doesn't have the greater perspective. I don't think Oily has that perspective...for god sakes, he posts on a message board! And maybe he got some renumeration for it in one form or another...now he's done and disgruntled. He can't possibly be a XOM executive...it's just too ridiculous.
Besides if Oily was about to be truthful, I think he would have been more explicit about the truth...nothing would hold him back.
With regard to Mark G., I think he is a good man, and I respect him. One thing that he said essentially was that a deal was on its way. In my work, a deal isn't a deal until it is a deal and the dotted line has been signed. Since we don't have that, there's naturally going to be some sell on no news. And, I would say that people pumped themselves into believing there was definitely a deal, and that pumpitude is currently reflected in the shareprice...so there's some deflation of air that is inevitable.
That said, however, I ended up not selling any of it. Strange huh? I, of all people should be doing so, and didn't. I guess my gut is saying that the trend is not quite over yet, and while it is always better to pull the trigger early than too late, I feel that we simply are not close enough to drilling to say that the momentum has slowed.
From a macro view, there are a lot of "blue and stable" stocks doing amazingly well as the worst of the market bear seems to be approaching the end, which means it is only a matter of short time that those gains will make their way into the small cap world...once the gains to be had in the blue chips are done, small cap is next in line. Therefore, the gains Erhc has had is minor compared to what it will have and must have, and since it has had serious gains, it is a contender for more, imo. Does that make sense?
As for greener pastures, I do still like online gambling when the UIGEA gets overturned, but we are still a long way from that due to Pelosi now saying she doesn't support online gambling. So staying put with Erhc is not a bad choice, in my view. We may have a retracement...but not very much and not for long, imo.
Krombacher
