A few comments on recent posts Curdog: ""...if you don't, then sell it and get lost.""
BigH: ""..So any of you that are knocking ORL, take your stupid remarks and shove them where the sun ddoes not shine.""
You guys think of these boards as something like a prayer meeting, where you reinforce each other's faith and try hard to convert anyone that your good fortune led amongst you. I disagree.
To me they are places where one can
a) carry on discussions, friendly or combative, according to mood
b) find out information about investments, or sources, or other ways of interpreting known facts, etc. A danger of these boards is the potential presence of company touts as on this particular one. Boards are enhanced by a wide range of views to counterbalance disinformation.
Curdog: ""ORL is on the verge of something big ...""
As was posted here in the past in reply to my questions, ORL has been up before without ever managing to build on the opportunities. To repeat, ORL is not run by company builders but by stock jockeys.
Vinceton: ""and unless you are buying at .40 and selling at .60, you aren't making any money. ""
If you are looking for a company with growth prospects then you should look at management before buying. This is the wrong place for that - small trading profits are possible for those who know how to play the game. You cannot hold for the long term because (1) You never know whether an upward move is based on real facts or hype that may be unmasked at any time, and (2) you don't know when the insiders will suddenly cash out big time. One needs to be particularly carefull when so much posting looks VERY aligned with managment/promoters.
""Well it has been a long wait but finally worth it. Hope it keeps up. ""
With the move the stock had just now it would be prudent to take at least partial profit.
If you have a loss then give serious thought to whether you are more likely to recover it here than by selling and reinvesting in something more respectable; taxwise it comes to the same thing.
I know how difficult it is to walk away from losses. I have ample experience, not doing so is my biggest failing. However I'm learning.
Hydrocarb: ""We have the same problem with these types over on the FGD BB""
That's not surprising. Look at your setup: three or more companies with common or overlapping boards, management, promoters. Compare that to legitimate exploration companies - you may find some large investors that have substantial interest in several companies. But among legitimate juniors you do not find this sort of bag of snakes. ORL's assotiation with FGD, HAO, etc. plus SAV (and then there's the Bharti crowd) is a warning sign for any investor considering it.
Floppydisc: ""Most of these companies are not even slightly familiar with Oil and Gas and 6 months from now will be digging for diamonds, platinum or in Hi-Tech. "" - or heart stents or anything else that lends itself to a promotion.
That's precisely the problem with ORL : its management are promoters not oilmen. Still, they got together some cash and spent some of it on what may be bonafide projects. But who will benefit from any success? The answer is suggested by ORL's past history ie. not the shareholders.
""Managament should be thanked for its resolve in pursuing this business plan...""
I understand your elation at finally seing a bit of recovery and a sudden one. But be carefull patting yourself on the back too vigorously can cause shoulder dislocation!