riski Nothing personal ... like I said, I will be back in full force soon, just not today ....I am as p-as anyone ... and thought we would be talking about over $2 now
I too, think there is long-term potential, but the political situation has to improve, they have to get a gas and oil law in place, and SH has to stop talking MONSTER, when the flow rates seem to me to be Norman Wells-like in its early(?) heyday ....or even less ....
I guess my point is the market is usually never wrong about what is known ....
You can make coin-when you are in before the known (i.e discovery, merger, etc.)
As for NEXEN, YES, I went all in (maybe because I had to recover some capital lost on WZR when it spiked to $1.50 and never went any higher)
The hour between 4-5 pm last Friday was the longest of my life, especially in light of the late day drop which signaled to some that Bay Street and Wall Street knew that the deal was off, or delayed.
Again, a few months ago I signaled to those on the WZR board to play NXY ... due to the risk/reward
NXY's NAV was no less than $27.50 and the stock was at $22 in March, 2012, without a buyout ... so there was some cushion in the long-run, for the expected short-term carnage if the deal was off
I did not want to appear attacking you or anyone else ... I just think everyone has to have eye wide open here, and not be drinking SH's koolaid, which, as some of us now realize, is quite expensive by the glass
ulysess