the pattern between Strike Oil news and cash flow, page-10

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29/05/16

19:33

Post #: 17896126
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Originally posted by Autosime ↑

I think a reminder of the last announcements and whether they ended up delivering any value ( or destroying it ) is critical for anybody who is serious in buying this as an investment.

For those on here ( and with 500m shares changing hands in the last two days I assume there are plenty ) who are here to buy at x and sell at Y during the hype , then of course comments such as Pattos is going to do next CR at 3c are welcome, as it implies the stock will be able to return a 200% profit within weeks by getting to 3c
However, as much as it irritates one who holds to hear the history of this companies announcements and how so many of these have been hyped hugely and delivered nothing , I think anybody serious about making money should consider the history seriously
At present both bears and bulls are relying on inconclusively evidence , the Bulls rely on the announcement which is presented very positively but lacks the traditional analysis of an oil discovery but has a lot of positive language like strings driping oil and ordering of production facilities , and the Bears ( who are LT holders or ex holders , who have seen numerous time this kind of announcement proved to be rubbish in the past . Furthermore the Bears point out the director makes money from drilling and to drill one needs money , and to get more money the best thing to do is get a whole lot of new holders who are willing to participate in a CR as existing holders were burnt one too many times. How do you do that , by an overhyped announcement , getting new holders and continue the positivity until the CR occurs ( most likely before any results )

So before anybody takes the moral high ground it's important to note both sides have valid arguments , but the more I am reminded of the history and the style of announcement the more i side with the Bears , even though I am open to the possibility of a new beginning

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Excellent thoughts Auto, but in the middle of the blood rush, I sometimes wonder if it's even worth the effort to try an educate newbies.

You just get called names if you even offer up facts.

Downramper is the most pathetic.

AKK Price at posting: 1.0¢ Sentiment: Hold Disclosure: Not Held
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the pattern between Strike Oil news and cash flow, page-10

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