finding something that will double is probably a harder decision, besides gdn is looking like it has less and less downside each day and probably worth a gamble at this pricechris1983 said:yeah not good. Im wondering if I should cut my losses and put it into something I think will double.
People are very dissapointed with the wireline logging. Its not definitive..then they caused delays because of it. What to do.
SevenFX said:Whats your thoughts and experience TECH/A....
have you seen this 7 day retrace before, with the 7th being the worst (-33%)
Don't know if this falls within any classic patterns....perhaps just emotional runnaway...???
EDIT: Has anyone bought, and wondering where this is going...???? I certainly am...????
nizar said:Rogue Trade
Your brave, your brave. It takes balls to be buying on a day like today.
Rogue_Trader said:Well I bought some today, have no idea where it is going, dont ask me what would i know
I will be in it for the long haul though, am going to hold, just my opinion, I feel GDN still has potential, but then I am not alway right
nizar said:Rogue Trade
Your brave, your brave. It takes balls to be buying on a day like today.
constable said:same, i think people amongst all this panic selling and lack of immediate "great" news, have forgotten the reasons why this share may have potential, especially now its has plenty of room to move up again!
I jumped in a little quick but my average is under 50 but like yourself willing to hold and wait for drilling programme to reach its target!
I've felt this has been the problem all along. They've released information that Joe trader has not been able to analyse. The 'big' numbers and emotive phrases like "40 fold increase" etc has triggered this run.Na on a serious note..I really dont know how to analyse their results.
tech/a said:Hold fine.
But those who bought at average below 50c have just watched a 120% profit come and go.
Now if thats good trading practice------
100% rises in a few days arent common.
Turning a 100% profit into a break even OR loss are very common.
There are times to Hold'em and times to Fold'em
So how many here averaging down?
Broadside said:bought at 30, sold half b/w 88 and 97, let the rest free carry for a free hit at Leadville (sorry Hosston on my mind), in hindsight I would have sold the lot at 1.20 but I wanted the chance at a very big payout...anyway Leadville is still a long shot and still a chance
I won't buy more, no way
doctorj said:I've felt this has been the problem all along. They've released information that Joe trader has not been able to analyse. The 'big' numbers and emotive phrases like "40 fold increase" etc has triggered this run.
5-10% porosity in the upper formations is at the low end of the scale and while many wells do produce commercially at these levels it will mean they will need to do many more drills to produce at a rate that provides the cash flow they might have hoped for. This ofcourse means more capex and a raising and the associated dillution.
The upper shows may be a handy little earner if they decide they can't produce from the lower target and feel it is commercial. It wouldn't be much to write home about and certainly, in retrospect, wasn't enough to warrant the type of hype that was generated.
Ofcourse, if their dubious disclosure practices continue when they reach the lower target we may be in for a DCB. I can see it now - "80 fold increase in background gas!" - it might give the directors a chance to lighten their load a little more and mug punters to recover losses. As for whether or not they will find anything exciting, only time will tell.
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