Stream Oil & Gas Ltd SOGAF

OH SKO.

[Shmoogs]

I have been reading some of the latest posts and I just wanted to make a blanket comment to all. I think the news release was a huge positive for all share holders period. I have clearly read them and in this market they seem pretty impressive. Having said that, I think that some people should be more upset with their trading strategy as oppose to the quarter results. I say this because since Sep1.12 this stock has ran up 40% roughly and it has gave me some major profits for my trading account. The only thing I see here is that the results were already being priced in to this stock before they came out on OCT30.12. People should have seen that. 

On the other hand I have also mentioned many times that this stock will not move past $1.05 resistance until SKO management starts to really sell the story and at least a couple of analyst start to give us coverage. This doesn't bother me too much as I tend to think that a company that doesn't like to advertise and has great growth potential & great production is maybe trying to keep a lid on things. Why keep a lid on things?Maybe so they can keep the focus on attracting buyers as oppose to shareholders. 

That's just my guess but I have seen this play out before in this space. Very common.

I am still very bullish long term but I will still say that a pullback to around .75-.85 area is in the cards. When it hits this area I will be a major buyer once again. 

 

Good Luck,

Shmoogs!