GDN - Golden State Resources

[toc_bat]

toc,
classic hold or fold situation.
Do you take 70-80% profit now or wait...in this market...what will the DOW do tonight?
IMO there could be some profit taking later this arvo or am tomorrow.
Do you sell and buy back in on the retraction?


I am an investor..I am holding..for a while yet...

questions questions - what else is life about? true true dazt, but it would be nice to grab some profit to offeset the losses of the past month, as far as the DOW ive got a gut feeling (ok no analysis just pure gut) that it is slowly heading up and will be green for a few days before a natural swing into the red,

but back to gdn, there seems to be so much interest at the start of writing of this post tere were 600,000 odd lined up at 21c wanting to buy and 350,000 odd @ 21.5c wanting to sell, and now i just looked the 21c all gone and 21.5c half gone!!!! surely there has to be underlying good news here, its not just random day trading is it? or then again pre drill price was around 20c, maybe people just saw a real bargain and combined with the 'stabilising' DOW have swooped on it, who knows - i surely dont

 

[Bushrat]

Was very oversold especially being so close to real announcements coming..I picked up a stack at 11c the other week, but have no intention of banking a profit...would be kicking myself if I sell and it goes back above $1 as quick as it did 10 months ago....its good price action, just needs to maintain the momentum. I'm hanging on.

 

[toc_bat]

well bushrat im thinking of a sale today and buy back on retrace buuuuuut every time i have tried to be a tricky dicky so far ive come horribly unstuck,

ive almost concluded it cant be based on impending amazing news as surely someone would be an obvios target for insider trading, ive got a friend who is a co founder of a co that sells inside trading tracking or signalling software to quite a few important exchanges around the world, actually im dying for his co to get listed, anyway from everything he tells me exchanges take it extremely seriosly, i reckon its oversold, plus news is expected, and day trading, but if i see 100% - even 90% today i think im selling

 

[Broadside]

I doubt it is just bouncing because it is oversold with impending news...there are 50 stocks with that criteria PLUS they have good management, which GDN clearly does not. If it is buying today for a good news announcement (1) good news for holders, and well done to you (2) blatant insider trading, and should be investigated (but as usual, watch ASIC come up empty handed).

 

[Bushrat]

Is it worth the risk selling and hoping for a retrace? I just think about all those people selling up until the last few weeks...the real announcements could be only minutes, hours or just a day away...why risk it?

 

[toc_bat]

y risk it, because ive let a decent profit disappear so many times, and if were in the super bullish market of a month ago id be definitley keeping it, even in t.hat market a 70% rise on one day often saw a retrace on the next, but ill hang on for a while yet see how it pans out till close

 

[Bushrat]

I guess, I havent been burnt by this one yet, and will just hang on.., wife keeps telling me, I have to practice patience...

 

[SevenFX]

toc,
classic hold or fold situation.
Do you take 70-80% profit now or wait...in this market...what will the DOW do tonight?
IMO there could be some profit taking later this arvo or am tomorrow.
Do you sell and buy back in on the retraction?


I am an investor..I am holding..for a while yet...

Daz,

Only you can answer that based on your trading or Investing plan....

Hence if your asking yourself this question, perhaps a review of your plan may be of great benifit b4 the days close.

SevenFX

 

[juw177]

DING DING DING.
Ann about to come out. Go you insiders, dump it all.
Though if it closes on its high, I am topping up.

 

[zt3000]

Noticed Received .. Gone into Pre-Open ... hrmmm

i wonder ... Trading Halt or Just Annoucement?

We will see shortly

 

[toc_bat]

DING DING DING.
Ann about to come out. Go you insiders, dump it all.
Though if it closes on its high, I am topping up.

hmmm that ann doesnt look anywhere near as spectacular to genrate such a rush, perhaps the one due tomorrow? (US sunday night time) is much more so,

or am i wrong, is 400Mcf/day a bumper crop?

 

[zt3000]

Getting Dumped now ... lol ... i think it was a bit of an anti-climax ... dont know what everyone was expecting but yeah .. not taken as well as it was hyped

 

[juw177]

I went with the herd and dumped it too. Too much inside trading going on for me to stay in this one. Went from 22.5c before ann to 18c a minute after ann.

 

[toc_bat]

kinda recovered somewhat, i placed in a sell at 19.5c then changed my mind pulled it too slowly ended up selling about 40% of my holding, but man earlier was this close to selling at .225 !!! hahaha

edit beginning to regret my slow reaction to the rebound! hahaha

 

[sharemadder]

IMO

This well which was a wildcat can produce now total 0.9 mmcfd.

There is no minimum 2mmcfd requirement to connect to the main gas transmission line. Ask JH is you don't believe me.

Next well will target now "productive" formations updip which are considered in a better location (above the water / gas transition line for Leadville)

In any case we could assume they will get approx 1mmcfd minimum from next well.

Invest in the project ground not the singular well. Plenty of upside here.

The SP is well priced.

 

[hoppielimp]

Hello all....

Just wondering if I'm reading too much into the announcement....and this maybe in part a rhetorical question, but why would you set a production casing if the well was not commercially productive ?....

Just my worth.

Having said that I did sell out of the shares that I bought 2 weeks ago...helps reduce the current loss on the shares i have been holding, for what seems forever....

 

[DAZT49]

hopp,
I think 37 mill bought on SP increase of 69% tells us that everybody thinks the same ie the well will produce.
Possibly another ann before open tomorrow.

 

[hoppielimp]

Hi Dazt,

True...I hope the move to production is the 'indicator' of the potential resevoirs in the area....ie. drill more holes...and up your revenues provided the resevoirs are big enough...because usd 2 million pa production revenue doesn't tickle there share price that much.

Here's hoping...

 

[bigdog]

ASX ticket issued "price query"

27/08/2007 Response to ASX Query
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00752654

standard reply: "the company is not aware ....."

 

[toc_bat]

DING DING DING.
Ann about to come out. Go you insiders, dump it all.
Though if it closes on its high, I am topping up.

hi juw

so did you top up? i know 22c isnt exactly at the high of 23.5c but its still very good - esp given the general nervous market,

i sold out for an average of 21c,

see ya