RE: RE: RE: RE: Who feels there is still Run LeftI don't know that we have a base of 40 but there sure was a load of shares purchased at that price. I think the base will be close to that.
What I find is that people nowadays are impatient and even though many picked up at 40, they will sell at 30 if they must wait too long. Especially if they have thrown everything into a play and are sitting. They see a play moving up elsewhere and generating a lot of excitement. Human nature being as it is, they will gamble on the sell for a loss, tell themselves they will recoup with the new play, not realizing or taking into consideration that by the time they decide to sell and buy in to the new play, they are buying that one high as well so they out think themselves and loose money. They then get angry but do not blame themselves. They will invariably blame the Longs calling us pumpers suggesting that it was us who influenced them to hold this play too long. Of course this again all depends on how Frank decides to put our the news. If he can keep interest up by releasing core as it is returned as opposed to waiting for the end of the summer doldrums to release all, 40 could hold as the baseline. The line the sp waves above and below while they drill. Frank is hitting on every hole it seems so there would be no problems for him to release as they come in thus keeping interest.
IR, and the phone will be important. If something big comes up the base coule be moved up, but many are waiting to toss in or are selling some "just in case". Most want money to average down if necessary or to jump into another it one worthy enough shows up. One like TUO for example. Sorry for the little promotion.....:)
Don