Replies to post #7105 on GulfSlope Energy Inc (GSPE)

[spec machine]

Yep, these are “Hero or Zero” levels

Someone threw away shares

But just a few mil in the past few days

WTI in the low $70’s is welcome news for gasoline prices but can’t be a sustainable level in this market turmoil

Going forward, the only certainty is the passage of time

I’m nearly 100% certain tha GOM exploration drilling will see a sustained uptick as soon as policies allow

And I’m pretty confident that GulfSlope intends to, and will, participate in that renaissance

Another passage of a full moon and all of the primal forces that are connected deeper than we can understand

spec

[smith199]

That is one way to cinch that belt up tighter, ‘T’. How do those Big Boy Britches fit now?

As for concerns, how big of a concern will it be if enough shareholders get a shake-up from these shares selling lower and they decide to bail too? And then the hits will just keep on rolling. I hope whoever is behind this selling runs out of shares before that occurs. A good bet this will happen.

To help put these new lows into perspective, it occurred to me that for all of 2022, less than 10% of the shares were traded. And those that were sold could have been mostly the same shares being bought and sold and recycled over and over by a small group of active ‘shareholders’ buying from each other, and then selling back to each other again. It looks to me like at least 90% of all shares, probably even more, were never traded in 2022.

So if owners of +90% of the shares are not concerned about these low prices, it is because they are not interested in these hokey gyrations. They are focused on the end game, not the half-time show. Stability reigns. This is my vision anyway.

As long as this perception prevails, like you indicated, the journey continues in spite of prices. Those scrambling around, trying to make a fraction of a penny on a trade, risk missing the opportunity that turns pennies in to dollars, and must take care to not get caught with their heads in the sand. Or elsewhere.

There is no way for us to know a person’s motivation for selling. Despite the share price, I say that the odds of drilling the well are at least better than the odds of the company dying.
There is a good chance that sellers will look back with regret. More on this in a future post.

If one sold a couple of million shares recently, it will be very challenging and more expensive to try and buy them back later. Flexibility is fast fading, and there is nothing that can be done to help you. You did it to yourself.

But if you were a buyer, there is nothing wrong with taking advantage of an opportunity, even if it is participating in the setting of the new price. Just be sure to not complain about low prices. At a minimum, those shares are out of circulation now (if held on to), and not available for future recycle events. Welcome to the 90%!

My advice is to keep that belt cinched up tight.




Mrs. Smith