STILL VERY BULLISH ON LFD!!!!Hello Everyone:
I have been in the stock about 1 year now and my position has not changed. I could have sold for an easy double, looking back I should have done that and then bought 2 to 3 million shares at the 5 to 6 cent level. Makes those 5,000 to 10,000 share lots look like pocket change.
Anyways, I am not one to complain, since I am often too early in a stock, sometimes up to 2 years in advance before the sheep wake up.
I purchased a material position in LFD. I purchased a position for its assest, much in the same way that SOROS paid $ 10 million to purchase his position. I did not purchase LFD for its fundamentals as I knew they had no cash, no sales and needed time to explore. I purchased cause they have historical drilling of 5,000 bpd of 41 API commerical grade oil. They are also sitting on potentially billions of barrels of oil.
Am I going to think about whether I paid 5 cents or 20 cents or 30 cents, it is all irrelevant when I have a target of $80 per share.
The PSC contract expires in June 2012 and management needs to drill 2 holes. They cannot change the agreement since many parties are involved. What they can do is:
a) Have Forbes or Bharta put up the $ 20 million to drill
b) Have Soros lend the money at a higher rate
c) Have Kurds advance the funds
d) Have Genel pay for the drill and give a little more share to them.
There are lots of options this company can choose from. It is a matter of getting it done. Drilling 2,600 meters should be completed at most in just 45 days and, selling it is easy. It will give consortium profit of $ 70 per barrel of oil.
You will notice that each time I post the same clowns come around to slander my message, the likes of kurd30, hhoc, good40, cinco, taxistealer and a few more.
I question why they must constantly engage in derogatory remarks which do not really help investors on this board.
Others will say, why do I put up with the abuse if I have a long position.
I have learned a long time ago that stocks trade on EMOTIONS and not fundamentals. Take LFD, nothing happened during this year, yet it rallied on greed to 46 cents and fell on fear at 5 cents, all the while nothing happened. Pretty amazing when one thinks about it.
The messages I post are one of HOPE and COURAGE to endure and believe in your decisions despite all of the noise. Remember why you invested in the first place, then ask, what changed? Nothing?
I know too well that people can get discouraged and give up. You must never give up. You must have hope. You must trust your decision. This is the only way not to have regrets in the future.
Many people get suckered into selling or, are in denial and refuse to buy when price is on the floor. There is some absurd thinking that I will buy at a higher price when it rallies. Why would you do this? Why pay double or triple? It makes no sense.
You either have faith that LFD will drill or, that it will not. If you have no faith, then move on and never look at LFD again. If you have faith, buy LFD, put shares in a drawer and look at it 1 time per month so you don't get stressed.
Notice that no matter what price LFD trades, there are a large number of bashers.
I have come to the conclusion that these people work for stockhouse and post dum comments to generate conversations so that they can sell these messages to their advertisers for revenue. They are paid per post.
Absolutely no sane person is going to bash a 5 cent stock hoping to buy it lower, no one.
JMHO