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bayfisherii

12/11/06 9:46 AM

#84543 RE: jdubs #84541

WAC = $.62/share

$2 to $3 will sell 25%, hold the rest

$6 to $7 will sell 50%, hold the rest

Above $11 will sell 75%, hold the rest


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texasspeculator

12/11/06 10:50 AM

#84550 RE: jdubs #84541

Re: Personal Selling Price

$2 - $4 dollars/share will get around 10% of my shares to pay some bills.

$5 - $8 will get another 10%

$10 - $14 will probably get another 20%

I plan to hold the rest until around $18 or above. By that time we will have drilled and should be able to see what we have. However, if someone offered as low as $18 today, I probably would sell at least 80% (perhaps even all) depending on what I thought they were hiding. That's the "speculator" in me. I would be thinking that if they want it that badly, there must be a bigger pot of gold (black) than they are telling.
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vip1999

06/07/07 3:43 PM

#98972 RE: jdubs #84541

I am still accumulating... If it hits oil... I will do the following(it WILL MOST DEFINITELY change due to greed).

$10 per share sell 100,000 shares --> $1 mil and hold the rest for retirement.

Most definitely will accumulate below $1.

Time is what I've got.