RE: RE: RE: RE: RE: RE: RE: Something Fishy
grh525, I did warn you earlier of this happening in an earlier post:
https://www.stockhouse.com/Bullboards/MessageDetail.aspx?s=OYL&t=LIST&m=30840357&l=0&pd=0&r=0
Didn't want to post it in this board then or I might have been labelled as a basher.
The old adage is not to chase a stock that has run up too much, no matter how good the story is.
Not to look on the flip side of the coin is either being naive, or is probably someone with vested interests.
But I must say EOG looks rather cheap now, although dark clouds seem to be looming on the macro side.
The deterioration in the European numbers, a potential correction in crude prices to 90 or below, sell in May and go away approaching after a big run since the beginning of the year are among other things.
If any of these events were to come to fruition, I don't believe 0.60 or even lower will be able to hold.
Another disturbing thing is Anon looks very strong, while there doesn't seem to be much buying support from the investors, the reason I believe is because EOG is new and not many know about it.
I'm surprised the EOG board was initiated only after the Sharon prospect was announced, so there is no precedence to the events leading up to the announcement with regard to this board. Therefore I cannnot draw a conclusion as to what may happen when they announce Guy.
The lower you buy, the less is the risk of losing money. That is why I'm still waiting, in response to your statement earlier. But the time to buy may be soon.