Switching to LFD from VST....Hello Everyone,
One thing was very clear this week. LFD is the investment of choice by the persons whom attended the January 18, 2011 conference. The investors were buying LFD in the millions of shares per day.
In February 2011 the new Seismic Report should confirm a substantial increase in oil resources to LFD.
Already LFD has 6.5 billion barrels of oil at P(10) with 63% chance of geological success. VST has at P(10) 4.8 billion barrels of oi, with a 17% chance of geological success.
The new Seismic report will show that LFD has closer to 13 billion barrels of oil at P(10) with 63% chance of geological success.
No wonder that SOROS loaded up on LFD and, not VST. No wonder why insiders paniced and obtained the same terms as SOROS. No wonder why SOROS and INSIDERS have standing buy orders at 65 cents. No wonder why management is aggressive and will put LFD into OIL PRODUCTION in Q4-2011.
Investors have finally understood by todays action, they are bailing out of VST and, loading up on LFD. LFD with triple the resoures should be trading at this time at 3X price of VST.
I have made serious wealth by LOADING UP on stocks, in this case LFD, by not trading around the cord, by holding until material event has occurred so that asset value has been unlocked. This week we saw a rotation from daytraders to long term holders, from weak to strong hands.
It was a terrifc week for LFD, I expect even more better things to come next week.
There is no resistance until the 80 cent per share price.
JMHO