Replies to post #18173 on Value Microcaps Motherboard

[bbotcs]

lentinman:

Good point. We'll be selling our shares to Bobwins and RRainman for $8 maybe. ?

By the way, Cramer is spouting off about tars sands oil plays, or shale oil, or whatever it is. In any event, he says that Kinder has invested, so there has to be potential in this sector. He mentioned SU and ECA and, uhhh, I forget the others. Sorry. Your Shale Oil board might start to get hot soon.

Hope this is early days for these stocks because I don't have the cash to put into them at the moment. Plus, I don't want more than 30 percent of my holdings to be in O&G plays, including the drillers, etc. My next purchase is in this area is going to be DNO.

bbotcs

[Jim_WI]

EGY - Rogue, Arnie70, bbotcs, Lentinman, Bobwins

Y'all make some good points. A smart investor once told me to periodically, (weekly or so) look at the portfolio and see if the stocks you hold still make sense. If the reasons for buying are still valid in relationship to your goals, keep it. If not, sell or reduce...... risk/reward. Being positive in the stock, my risk is less than an opening position. EGY has increased production by 25-30% during a time when oil prices are going to the moon. Cash flow city! Unless the price drops another dollar, I'm still positive. House money is still money, but the reasons I bought are still valid. I think the chances are much better that we'll see $5 before we see $4, and $6 before we see $3.

Good luck to all.

Jim

ps: does everyone hate LPSN? :-)