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rrufff

04/20/05 9:36 AM

#9722 RE: RRainman9999 #9721

So a company sucks and drills dries holes depending on its price? Or is it whether or not you are long?

At 1.35, it no longer is "a master in drilling dry wells"

Ok I get it.

Thanks


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lentinman

04/20/05 2:13 PM

#9757 RE: RRainman9999 #9721

RRain: RRuff:

RRuff asked you about two posts, one of which was this one.

Posted by: RRainman9999 In reply to: yielddude who wrote msg# 4142 Date:2/11/2005 11:43:03 AM Post # of 4157

BSIC is a master in drilling dry wells...don't know how you can value a company which uses a lot of cash for drilling dry wells.. RR

Your response was "at that time BSIC traded over $2.5 per share..eom"

In actuality, on February 11th ... BSIC traded between $1.00 and $1.10. I have no problem with being critical of a company, but if a person were to later buy it, I would expect a reasonable explanation. Essentially RRuff's question is... How do you go from attacking a company as a "master of drilling dry wells" to one you are now bullish on ... at a HIGHER price? You can't say it is because oil is higher.

Len