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Bullboard - Stock Discussion Forum Oromin Explorations Ltd OLEPF

GREY:OLEPF - Post Discussion

Oromin Explorations Ltd > If you can take another...
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Post by tony1969 on Feb 27, 2012 3:56pm

If you can take another...

10 to 15% max pain on the downside here, I truly believe that you can have a double from here (around $.85) if and when a deal is done. I am waiting to see if it dips into the $.70's to pick up another 3k shares.  With the uncertainty we will have in the coming weeks because of the election it just might. Even Caliche (who I consider to know I about mining more than most of us) said about two weeks ago that it would be hard to pass up in the $.70's.  Sometimes uncertainty and panic bring good opportunities.
Comment by rappy7 on Feb 27, 2012 10:51pm
You're bonkers if you think a company in negotiations to be bought out will hit 70c, when it's 52-week low is 77c. There are almost no sellers even today, with the election in full swing. Make sense, man. No wonder you have no money and your wife hate you.
Comment by caliche on Feb 27, 2012 11:32pm
you must be new here..lol   can you tell me why the stock has lost 30% since negotiations were anounced? back to right where it was before they were required by law to disclose..   how do you know there are any negotiations?  nothing has been said in months caliche
Comment by rappy7 on Feb 28, 2012 12:17am
Yes, I can tell you why. There's always a "massive pullback" after a massive jump. With any stock. You're shocked, I'm sure, but I assure you it's the case.   With this one the pullback is always to 80c, not 70. There is something called a chart. Take a gander once in a while. You might find something we in the business call "a pattern."   There's ...more  
Comment by caliche on Feb 28, 2012 12:59am
    oh ok you are new.. good luck    
Comment by tony1969 on Feb 28, 2012 6:40am
Hey rappy, how did you know that I really have no money and that my wife really does hate me?  You must be somekind of internet psychic.   By the way the $.70's does not mean $.70 cents it also includes $.78 and $.79 being that you are so concerned with the 52 week low.  Thanks for the kind words and for "making so much sense, man".
Comment by Goldfather on Feb 28, 2012 10:33am
Rappy... you havent been around Ole long enough. Just watch !  I agree, this'll    hit the 70's. Been jsut too long, and too much distrust......... just watch.
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