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Re: None

Sunday, 05/03/2009 10:55:18 PM

Sunday, May 03, 2009 10:55:18 PM

Post# of 51429
Onco wrote (paraphrasing here since message got removed): "With all your knowledge, how come you "messed" up so bad..."

You'll have to be more specific, in 30+ years of investing I've messed up plenty with picking stocks - if that's what you are referring to. The difference is once I realize a mistake, I don't keep buying the hype and averaging down.

I bought into HEMI when reading some of their 2007 PR's and knew there was a lot of oil left in place for these shallow type blanket formations. The promise of EOR and 4th generation oil patch know-how and all that proprietary well data in their "vast library" led me to take a flyer on this stock. If they had tried to the best of their ability to do the things their website and PR's led me to believe they would do, and things just didn't work out, then I could live with that.

What I didn't expect was for all the promises that never materialized and then near total secrecy over the last 6 months.

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