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Aroway Energy Inc ARWJF

Aroway Energy Inc is engaged in the exploration and development of oil and gas properties. Its operations take place in Canada, Alberta.


GREY:ARWJF - Post by User

Bullboard Posts
Comment by BFREE2on Nov 15, 2012 4:19pm
166 Views
Post# 20606791

RE: close with a bid at .48 ...

RE: close with a bid at .48 ...

Overall market confidence (and the lack thereof) is playing a big part in the swings that we've seen in the ARW share price. A unit of ARW is only worth what the last guy paid for it, but we buy Venture stocks based on what we think the NEXT guy will pay for it. You don't buy based on today's value, you buy based on what you believe the value will be tomorrow.

The Sharks and Dragons of reality TV will pay based on today's value, but it's the gamblers who prefer  venues such as the Venture Exchange. There were a lot more gamblers out there 6-years ago than there are today.......and that's too bad. Those were some fun times. Buy and hold? Where's the fun in that? Although, my own 37-cent position in ARW has turned out okay.

Good luck, all. Hope you find whatever it is you're looking for.

 

Bullboard Posts