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Papagaio

08/02/06 12:11 PM

#3511 RE: nokiaman528 #3510

I had that same dilemma the last couple months, nokiaman, and still do to a lesser extent. I had about 80% of my holdings in IDCN and 20% in FGFC. I ended up selling off IDCN and buying FGFC, only to see them both decline in price. But I reached about an 80/20 the other way now. But FGFC appears to be at its low, with an upward potential of a 500% gain minimum (the company has already released plans to buyback shares for up to a .06/share average price...current price is just .012). With everything that company has going on, I'm considering selling off what I have left here and moving it over.

Sometimes you just have to cut your losses. IDCN has NOTHING going on right now - no news on Abilene (which appears to be a huge loss) and no news on any future investments. I think FGFC will go up long before IDCN has another run comparable to what I expect (IMO, of course) FGFC to do.

It's that constant struggle - where to put your money. Especially for people like us - we don't have millions of dollars (YET!) to spread across 10 to 100 different stocks. We have to pick and choose, mostly breaking that old rule "never put all your eggs in one basket." Me, my bet is on FGFC as the next big one. I missed out on FHAL, but I hope this is the next best thing. A good number of people on IHub are looking to FGFC to break the $1 mark (a monstrous gain from just over a penny). Who knows if it'll happen, but that's the gamble.

Whatever you decide, good luck. For whatever it's worth, that's what I've done.
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frankie_fillet

08/02/06 12:55 PM

#3513 RE: nokiaman528 #3510

that is your decision bud.. putting all the clames in one bucket is a hard one.
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kenbuddy

08/03/06 11:38 AM

#3527 RE: nokiaman528 #3510

Definitely wait. Look at the 2 or 3 year chart. We're due for another big spike real soon.
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rheddle

08/03/06 4:35 PM

#3531 RE: nokiaman528 #3510

I'm not in Indocan right now, so take my post for what it is worth. I do intend on getting back into it again though, as Jeff says that he is apparenlty getting $25m investment from overseas that was posted by somebody the other day and may be on the website.

The Flying A lease should have some news by around 20th August (the website said that the well would take 60 days to drill after spudding). IDCN own shares in Flying A and the lease is rumoured to be good (possibly lots of gas) and is definitely in an area where hydrocarbons have been found.

A $400 hit is not bad from 2k. I took a 50% loss on my most recent trade in IDCN (i averaged 16 and sold at 8).

I am not going to advise whether to hold or sell, but to have 100% of your funds in Indocan alone might be considered risky and there are other plays going on.

Cheers, R