Replies to post #4682 on Eldorado Exploration Inc (fka EDEP)

[zagdad]

I think the odds are great for the longs in this one. We have PIP and its much better than normal discovery ratio as our tool - and that I have checked out nearly one well at a time - and we have all the normal further confirming signals which further prove to management that they have chosen a great place to use their $$ and that the probablitiy of success is very good. The company also has multiple major activities in the que - the most obvious and most discussed being the current Texas field and the soon to begin NM major play...and there at least two other majors in the wings IMHO. So we could go even 1 for 4 and we would still be in heaven in the end - this year IMO...and there is no way when you fold all the statistics together that EDEX will be on the low end of the potential. I like the idea of no worse than 3 for 4!

Of course an early success this week will get a alot of attetnion and make makin' money alot easier for all of us!

Gonna be interesting to say the least, zagdad

[lowman]

My sentiments also. Though I can't tell people how to trade, I can only say that it would be best to, in a sense, forget about this first well, since obviously, it is not EDEX's larger play.

In the event the results are not what we hope, though a dip is inevitable, pure panic would be unfounded. In this case, I would suggest being prepared to pick up any overly cheap shares.

Though it is only my opinion, I cannot imagine EDEX trading this cheap, if we were only drilling the N.M. prospect. That we are trading this cheap with TWO prospects is mind-boggling, and can only be assumed due to MM manipulation which has caused semi-panic selling.

It just doesn't help when people keep playing into MM hands. MMs will go where the most money for them is made, be it higher or lower. Let the 'cheap share' volume dry up, and they have no choice but to move it up, where more sellers are likely to appear.

It the law of supply and demand!