Funny things, most posters always
want the price to go up, the faster the better when anticipating goods news. Not me, the longer it stays down as good news arrives, the better. Because every piece of good news de-risks the stock and as it de-risks, I am able to buy more stock safer and accumulate a low risk position at good prices. My dream is that BUK stays below $1.20 even after the gas is flowing, because then my stock risk would go to virtually zero and I could load the boat big time in anticipation of the big drilling play in the Fall, unfortunately, my dream may not come true and I will only get a small position at higher prices by the time the gas is flowing. Here's hoping the gas flows as predicted and the stock stays in the $1.00 to $1.20 range for a couple more months.
When stocks have virtually zero risk, such as DNR right now, where it trades at 24 cents and has 24 cents cash in the bank, that is when you load the boat, because your downside is very low and therefore the upside is free. PS. DNR has a good gold/copper discovery that they are just starting field work on.