EXPM:MXMSF - Post by User
Comment by
cpacon Nov 24, 2006 12:52pm
181 Views
Post# 11744251
RE: Calling all longs.....
RE: Calling all longs.....I've gotta go with Burgyone on this one...
The whole point of investing is to identify situations where the market is over or under pricing a security - if you think the market is overpricing a security, sell it; if it's being underpriced, buy it.
Buy MXM because you think the market has yet to factor in the full impact of these results (and as Tommer said the 10 DEVELOPMENT wells, not mere exploration wells), but NOT in order to prop up the share price... sorry NG, but to suggest all longs buy 5,000 shares as a concerted effort to pump up the share price is absurb and a$$inine, really. Why not take advantage of the short term irrationaity of the market and buy low? WHY THE 'F' WOULD YOU **PLAN** TO BUY HIGH?
(To say nothing of the fact that sharing info is a great thing, but when it comes to clicking that buy or sell button, we are all in this for our own interests.
Cheers to the longs, here's a Christmas wish that the next 10 wells produce at the same rate as the first! Now that would be blockbuster!!!
Cpac.