InvestorsHub Logo
icon url

longonotc

08/14/08 12:16 PM

#14653 RE: Ben Bien #14652

It needs time for people to get aware, like Qmnm and HTOG
icon url

mikeyk

08/14/08 12:28 PM

#14657 RE: Ben Bien #14652

You need to look long term, not short term here. This stock was $1.47 one year ago, and $2.55 13 months ago. The MM's have made a boatload of cash on selling this thing down, and they will make a boatload of cash selling this thing back up to normal levels. If you'd like to sell at $0.03 then your missing the big picture here. In the next year revenues will ciontinue to increase, more production will come online, this stock will continue to go up. Yes there will be down days, but thats no different than any stock. Last year in October 2007 Beacon Equity gave this company a $4.37 price target in their analyst report, and they said that was a conservative target going by their peers, and this was before they had producing wells and revenue.

Play this the right way, don't just take profits and run. Sell a little when it starts going down and buy back in with a larger position as it goes up. This way eventually you'll be owning free shares in this company and your initial investment can be pulled out for use elsewhere to start this process all over again. Hard part is finding a company that has bottomed to start the process again. You must do your DD, do not trade on emotion.

Think MSFT here, people that got in at the ground level with $10,000 held and got out some where around $20 million on their $10,000 investment, took a few years, but you could retire.