09-14-2014, 12:56 AM
'ArtM72' pid='49448' datel Wrote:I wonder how many IOC investors, having long recognized its value and potential, long ago made their last purchase due to simple financial prudence. Only so many eggs in one basket. Cuban's observations stated very clearly most analysts don't know what they are investing in. Given that we can expect few in the market really understand the IOC story. All that said, per the Cuban thesis, leads to low volume and low prices. Prudence dictates I buy no more. Nothing is happening to attract the ignorant investor (or analyst ) who trade on momentum. Hence low volume and low price. We need new well data and some sort of (non thermal) spark to get things going again.
Correct Al! Our stock is broken and does not respond to good or bad news. We need drilling news hopefully positive. My boat is full.