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vicsteele

06/19/06 4:02 PM

#11908 RE: J.C.N. #11907

Without hope, then what do we really have? If it was as easy as just buying a stock based on facts and becoming rich then I think we'd all be retired. You buy a stock based on facts, DD, what your neighbour told you or what the guy that works at 7-11 said he overhead two CEO's talk about. You then buy into it and hope. Once you've bought into a stock, facts do not mean anything anymore. You're in and now it is hope that something will happen. I'm in now. Facts be what they are but for me it is a waiting game and hoping for the best. I can factualize this stock to death and say that it is worth 50 cents, then tomorrow a PR can come out and say that Exxon made a buyout offer for $3.00 per share. Either way my facts did not mean a thing.

Hope Brent and pray with the rest of us. There is nothing we can do now but either sell and lick our wounds or hold on and hope for the best. In the end I believe that we will all prosper.

I am surprised though. For someone who preaches positivity, you sounded very negative with your post. I hope you are not giving up on NORD Oil.
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20vision20

06/19/06 4:52 PM

#11923 RE: J.C.N. #11907

Brent - price prediction can never be based on facts, perhaps based on expectations regarding growth rate, valuations, revenues, productions rate, etc., which in a nutshell tantamounts to doing DD. This is what analysts do for a living. Nothing wrong with predictions based on DD. DD may not always be factual either and that is why most of the times we are right and sometimes we are wrong. I think we are talking about the same thing.