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  4. Treaty Energy Corporation (TECO) Message Board

I've learned quite a bit but didn't have a clue ab

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Post# of 39368
Posted On: 07/18/2013 3:43:39 PM
Posted By: DTL
Re: coolnapz #18307

I've learned quite a bit but didn't have a clue about what was involved in oil and gas E&P plays prior to my TECO investment and my account was recently very green for about ten minutes.  My bet would be that most of the 8000 shareholders bought much higher than .02's.   Regardless of industry knowledge I was buying .05's based on PR's that I thought so-called oil industry experts were writing.   You were harping on "buying .05's with both hands and feet" so why would a self-proclaimed industry knowledigible person be hyping .05's during 2012?  Wouldn't that "industry knowledgible trader" know if those PR's were bullchit and hold off from buying at such a high PPS?  My point is that no matter how much oil industry experience a shareholder might have; IMO profits  also depend on many other factors and manipulation is one of them.  Are you telling me that trading desk traders are so smart that they have expert knowledge in every industry they trade on?  As far as pulling hair out;  risk tolerance is different for everyone whether it be crossing a street without looking or throwing 10's of thousands into a penny stock.  Personally if I lose my entire investment in TECO;  it's just another day and as I've said;  my lifestyle wouldn't change one bit.   I had a huge amount of industry knowledge when investing $33k into PLNI.  I'm a plastics product engineer/designer and PLNI manufactured plastic rebar supports to prevent galling, rusting and improve bridge abuttment structures over time, etc.   I lost the entire $33k so all my industry knowledge was meaningless in the long run.



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