RE: POP adds 4th well to milton!Thanks, Innele, good sleuthing indeed. From the June 6th release, the company stated that all discovered wells would be brought into production by summers' end!
A battle for our shares is going to ensue over the next few days while we await further updates and releases which no doubts, are now pending. So, while we wait, this may be a good time to review a piece of Alphaflights prior post, although, all of it is worthy of reviews........
THE INSTITUTIONS AND PROS THAT WANT THIS DEAL KNOW THAT IN A FEW MORE DAYS THE MARKET WILL RUN OUT OF SHARES AND THEN THEY WILL BE OUT OF LUCK AND FORCED TO PAY MUCH HIGHER PRICES.
Institutions are smart and have significant resources at their disposal. Their traders will deliberately test the retail market to see if it will cough up inexpensive shares under pressure. Don’t let them herd you into selling cheap and triggering stop losses only to eat your shares later.
Think about it people: For every seller, there is a buyer. Do you really think the retail market is eating up 10+ million shares in a significant, multi-month correction, in the summer doldrums, while mom and pop are away on vacation? Get real! See the Anonymous and Jitney buying, or buying coming through large, bank-owned firms? These are institutions, hard at work.
These institutions devour stock (and untrained investors) and MUST have large positions to make any money in their portfolios. Here’s a heads-up: The bid will usually be strong in the morning, but they’ll let it drift or even deliberately soften the market during midday to test for weakness, and see if retail investors get spooked and bail out, or if stop losses kick in. Failing that, they will just sit and wait and see if retail jumps in the pool first.
When they see an opening, usually mid-market they will come in, in full force, like they did on the 12th and 13th. Then POP will run all the way to the end of the market as they soak up stock. These guys aren’t stupid, this is how they make money.
If you want to make money here, get the institutions buying behind you—not in front of you. They want to accumulate inexpensively and once it’s in their portfolio, you’ll see the manager on TV talking about POP in his portfolio. He’ll take your calls and make a case for you to own it in the market. Why? To bid up the value of his position and give him the liquidity he needs to get off some or all of his paper at a profit. He’ll get paid a hefty performance bonus on the alpha in his portfolio, and maybe even win an award. Why else do you think they all want to blab about their favorite picks? They need you, hungry retail buyers as their aftermarket.
Have you seen the markets? Not much is working right now for institutional, long-only resource fund managers. POP’s discovery is a dream come true for them and they need the paper if they want to look like heroes and have any chance of beating the market in Q3 and beyond.
Notice all the newsletter writers covering bunk deals that are going nowhere or down? You can bet they’re knocking on POP’s door right now trying to get the scoop and claim to be the first person to cover it and know it inside out. Do you want to be in front of the institutional investors and the newsletter marketing machine? Or would you prefer to buy it after they all get positioned, run the stock up to $5, and then they tell you what a great deal it is?
Retail folks, I hope you know that for a very limited time you are in the driver’s seat with this stock. Realize this is what is going on, and fearlessly buy. There will be fortunes made here for those who can get in on POP quickly, accumulate with audacity, and hang on tenaciously.
You all better quit pussyfooting around and get on that paper as quick and hard as you can, hold on tight, and force these two groups to come in behind you. The warrants are about washed through right now and there’s around 9 million shares left. Once we’re through that, any good news will jam the stock price higher—and shockingly so. The eyes of the professional resource investment community are on POP right now, and managers are hungry for any real deal that is working in this market.
My favorite quote is “Fortune favors the bold” so you know where I stand, and you can be damn sure I buying, going all in, am going all-in, all the way.
James Hudson, AlphaFlight Portfolios Inc.