NEXT STOP 35 CENTS...UP WE GO...Hello Everyone,
The panic of this morning has really flushed out all weak hands, there are none left. At one point I saw bid 28 cents and Ask at 33 cents. This means sellers are refusing to sell lower.
Congrats to EOIM on buying. I hope you hold to your shares a little longer this time as you won't get this chance a 2nd time. With less than 90 days to drilling and having had one of the most severe corrections to date, I would say that the price you paid, will remain bargain prices forever. I do not see this trading down to that level ever again.
This Japan crisis and it is a sad one, with radioactive materials and poor souls having been lost, it has none the less in a very harsh world of stocks, created a buying opportunity for many stocks. This is the equivalent of prices plunging during the Christmas season. We don't complain about low prices, what we do is BUY BUY BUY while the special occurs.
Instead of lamenting that price of LFD went down, look at it from another angle. LFD had a huge sales discount, which wise investors recognized as the deal of the century and rushed to buy stocks.
Remember that stocks trade on emotions. The fear / doubt / end of life emotions have been drained. We are now entering the GREED area where those whom sold look in dismay and regret as LFD climbs ever higher and higher. They really that BOAT is leaving with them left behind.
LFD will borrow funds from SSN or VST about $ 5 million to drill. Successful drilling will allow LFD to pay loan back with no dilution. Warrants will expire worthless for 75 cents in July 2011. However warrants in September 2011 at 65 cents will be in the MONEY big time.
Notice that CBLI that I recommended yesterday, see my posts at $ 7.85, opened today and climbed to $ 8.90 within minutes. This would have given you a great return within 24 hour limit. Not too shabby shall I say. I will provide other TIPS when I find them. I like to make quick money, double, triple, my position in 48 hours to 72 hours max.
VST expected to release MATERIAL news per the HEAVENS, from March 21, 2011 to March 31, 2011. I have a good source from the other side.
JMHO