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Friday, June 19, 2009 12:50:19 PM
You're probably right though...that's how people are. It still seems stupid to sell now after a pullback and before news that will be bigger than simple spudding news.
The 2 wells they're drilling there will be big news if they end up being viable oil wells and the money they put into Manas' coffers will not only pay the bills but help temper further dilution. That will be news worth holding for but not for about 2 months from now. Deep drilling in Kyrgyz won't happen until Q1 2010 and that could mean March and the way these companies run into delays, it could be a year from now.
But Albania....that's what it's all about shorter term. The partner, upfront money and potential, much of which may be proven out rather quickly, will make the spudding news pale in comparison.
I'm hoping we see $2 after that hits. ($3 isn't ridiculous on news like that.)
So again, people selling after a run up and pull back on the lesser news are going to be very disappointed short term...I predict.
All, of course, just in my opinion.
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