He probably remembers what happens to Oilexco, even after they were in production. Cash can be KING in a crisis!
Besides if I knew when the bottom was in IAE, I would have sold all of it, instead of 1/2. I'm still riding the other half down. The big negative for Ithaca is that the next production increase is many months away. They have drilled and hit several wells but tying in these offshore platforms takes months/years! I'll let you know when I panick and want to sell the other half because that will likely be the absolute BOTTOM!!!!! LOL!
Bobwins