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Arcan Resources Ltd ARNBF

Energy Oil & Gas E&P


OTCPK:ARNBF - Post by User

Arcan Resources Ltd > Taking a chance buying now
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Comment by professon Aug 01, 2012 11:43pm
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Post# 20175852

Taking a chance buying now

Taking a chance buying now

In advance of Q2 results and status report.  Even though we are not expecting any negative news, Arcan has thrown gutter balls before and a surprise of that nature will send the SP to new lows regardless of how oversold it is.

Given the dismal, bordering pathetic, performance we've seen from Arcan, I am inclined to wait until after the news before deciding to average down.  IMO Selling would be more of an option for me right now.

This is looking more & more like a gamble with the odds being stacked up against us IMHO

 

 

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