SOROS TRACK RECORD....I came very close to buying BKX.to at about $ 2.50, the news that interested me what that SOROS had made a significant investment in the company.
My reasoning was the same in BKX as in LFD. If SOROS found interest in the stock then it must have VALUE and, it is at a CHEAP PRICE.
For those whom question SOROS record, please note that BKX.to has doubled in the last few months to about $5.20 from $ 2.50 when SOROS got in. That is correct, 100% return and SOROS is not even selling.
On LFD, SOROS is up 20%, soon to be 100% too.
SOROS track record is just unbelievable. His firm which manages billions of dollars was racking in 30% growth on a quarterly basis. His firm made a bundle down the severe downturn.
What interests me of SOROS is that his involvement in a stock means that:
a) Stock is cheap
b) Value of Company will be unlocked within 1 year maximum
c) That company will provide significant returns to investments.
SOROS is an event trader, he did not invest $ 6 million in LFD for fun. He invested cause it is going to return him $100 million. He will be laughing all the way to the bank. SOROS has friends, a loyal following that will embark on January 18th, 2011.
Nevermind the Good40, the maysteeler, even EOIM, what counts is SOROS.
I REPEAT, THERE ARE LITTLE TO NO SELLERS, ONLY BUYERS OF LFD. WE SHALL BREAK TO NEW HIGHS BY NEXT WEEK BEFORE JANUARY 18TH, 2011, SEISMIC REPORT WILL BE ROBUST. SOROS WILL PUSH STOCK OVER $ 1 PER SHARE SO THAT LFD CAN EXERCISE THE WARRANTS. IT IS IN HIS BENEFIT THAT THE DRILLING PROGRESS SMOOTHLY AND QUICKLY. PRODUCTION IN Q4-2011 OF MATERIAL OIL IS ASSURED.
JMHO