Because we all believe that it is worth more than .80 and we don't know that it will go back down to .60. If we did, and had an assurance that we could buy our 200, 300, 400k+ shares back before the next climb without forcing the price up, then, yes we would sale.
If you have a crystal ball, please let us know, mine is in the shop!
Cheers Brez
PS. I have way more than 200K and I have not sold one since 2003 ish.
Jake, The chance of hitting oil is in the 80+% range and is the best percentage in the world. Along with multiple holes & multiple blocks being drilled this will also reduce our chances of a dry hole. Also with the oil being light sweet crude it increases it's value and is well desired by many countries. One other thing - do not to forget this is one of the last frontiers with the possibility of Elephant Discoveries! We will soon find out how accurate we were! P.S I have a much higher share count than you stated, and I have not sold a share in 8 years! I will either make it or break and it in my opinion I hope all the above comes true for all of us time is ticking down and we will soon know our destiny !! Good Luck EZMONEY36
Jake1279, I have not sold any yet and have much less than 200,000. I fully intend to sell some once the price moves up to $3 I will think about selling about 20% and get all my capital back & just be gambeling with profit money. Ive done it twice before and had planned on doing it with adair but the price collapsed while I was waiting for a few cents more per share. I may rethink this, based upon what the wells look like, this stock has the most upside potential of any I have put my mad money in.
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