RE: RE: RE: RE: Do NOT trade AOI!!! I Manage situations like this a little differently. I believe that this oil play is going to be huge so I have to own the stock. When it makes large gains like this I sell my position to capture the gain and buy 2/3 of that position back immediately, that very second. If the stock goes up further I still own a solid position and can easily average up. If the stock goes down I can average down the reduced position.
I am happy to book the gain and pay the tax because I always have the ability to write off a potential loss so I am hedged.
In this situation I cannot afford to be out of the stock in hopes of a pullback. One day here could Matter like Gravity attracting huge demand for the value being created by this unique opportunity. One should also consider..... outside of an initial discovery.... the pure value of of the huge land position that AOI controls in these regions and the quality management behind it along with its Parnter. This looks like one of the best opportunities I have seen since I bought Canadian Natural Resources at $1.00...
Very positive changes will occur in these countries for the benefit of ALL so this is a WIN WIN.
Thanks for the excellent information on this board
B