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Bullboard - Stock Discussion Forum Longford Energy Inc V.LFD

TSXV:LFD - Post Discussion

Longford Energy Inc > NEW TARGET PRICE 80 CENTS SHORT TERM
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Post by taxdemicco on Jan 19, 2011 9:12am

NEW TARGET PRICE 80 CENTS SHORT TERM

Hello Everyone,

The chart indicates that we are on a step ladder rally to destination of 80 cents.

I expect that this rally will continue as there is speculation on three fronts for the short term:

a) Within 2 weeks announcement by Vast of NEW OIL DISCOVERY
b) Within 4 weeks or so, massive increase per Seismic Report
c) By Early April 2011, spud date

Read the chart, there is no resistance until 80 cents.   Hold your shares, don't miss the opportunity to double your profit in a very short period.

Disclosure:  I am now up about 110%, have not sold and have a goal of 700% to 1000% return.  I do not trade around the core and, I do not trade for pennies.  My wealth is built on loading up and awaiting for key events to unlock tremendous wealth for shareholders.   Selling too early is a huge costly mistake, a missed opportunity that one will regret.   With PRODUCTION of Oil due in Q4-2011, LFD is in the unique field of being able to generate massive profits in a short period of time.  Enjoy the ride.  Avoid Good49 like the plage, those whom listened to him missed a 110% rally to date.

JMHO
Comment by hopeandaprayer on Jan 19, 2011 9:23am
I think you are spot on - but don't forget that even if this happens, the mm's may go to work on it, as they have done with VST. One difference though is the timeline. When VST made it sevearl runs into the high .80s, .90s, drilling was along way off, and the election problems, etc., created some worry. Maybe the shorter timeline might allow for such a run to hold its value. Time will tell ...more  
Comment by karlito on Jan 19, 2011 9:54am
Very nice chart, big volume.  Im in today.Somebody in VST ?Wich one have the best potential ?
Comment by good40 on Jan 19, 2011 10:50am
LFD has not even begun the oil game... currently in the money game.  Without working capital and months awayfrom any results,  this is being managed for something,  likely a financing,  maybe more.  The price is up almost 100% over the last 3 months,  now very expensive on a risked asset basis.  If the price is for financing,  it will certainly dropafter it ...more  
Comment by margin500 on Jan 19, 2011 11:26am
One piece of advice I will give you Karlito ------------------ PUT "GOOD40" & "MAYSTEELER" on IGNORE. After reading a couple of their post you will quickly discover who is the BASHER & who is the PUMPER.
Comment by drdjm on Jan 19, 2011 2:48pm
Good40....If  there is a financing, at what date and price?  How many? If they expect to start producing within a year  then not a lot of  capital is needed.  Whats your take on it?Derek
Comment by good40 on Jan 19, 2011 5:06pm
I wouldn't say  " if  " there is a financing drdjm... they are in at least a $7 million working capital deficit. They are definitely not going to being selling oil this year.  It's not discovered and if it is,  how do you distribute it ?  Don't forget,  there is a whopping 40% royalty,  a 40% working interest but are required to carry the ...more