When I was a trader, many moons ago (450-500 trade
Post# of 39368
When I was a trader, many moons ago (450-500 trades per year) I was taught to buy the rumor and sell the fact. So what I need is a series of great rumors followed closely by a series of successful events; like 100 oil wells.
We kind of saw that with Mitchell #3. The stock rose from .008 to .016, then backed off for about a week, leveling around .012-.014; but now with Mitchell #4 coming on line, the rumor has us back to .016. I love the bpd game being played, it's like a little rumor mill, tantalizing; and we always have the far off rumors of possible oil in Belize (these are very faint right now.) So we need a nice big fat rumor (like Madeley, I loved that one) to keep the momentum going. If these wells are moderately successful, then we might hope for a penny per well, and back to a dime if we found oil in Belize and got our concession reconfirmed.
I also like our new partners, which always makes me wonder where the hell Tansung plays into all this. Are they now out, we hear so little. However, if I were a U.S Fuels employee, and knew for a fact that this relationship was long term, and Treaty had 50-100 partnership wells in its immediate future, then Treaty would look like a BUY, and I would be spending half of every pay check on Treaty stock and half on Silver (Ag). In any case, keep those rumors flying, and get Mitchell #4 hooked up and rated. I love it. Oiljob
P.S.: Happy Memorial Day everyone (Andrew Reid, Bull, and all our hard working crews and LONG stockholders.)