Here it is:
Some interesting banter going on. If we cannot bash or pump what would we have to talk about here? The weather?
I suppose we could all stick to facts, but we have witnessed that news articles cannot be taken as facts.
The phone conversations and the emails from from Sam Dimka cannot be taken as facts.
Any mention of a date for awards if one week or less is a pump, if 2 weeks or more is a bash.
Any newbie is automatically considered a basher, and most longs are considered pumpers.
We sure do have all types in here. The realists, the back seat drivers, the believers, and the non-believers.
But basically we all believe in one form or another or we would not be here.
It has been a long long haul for some, a short haul for others, and a daily flipping routine for others.
But if we cannot talk about our different opinions without being labeled one or the other, then it would be a bit boring.
Most of us know all the facts, so I won't bother boring anyone with what we already know.
Too many different personalities in here for everyone to get along, and I would not expect that.
We are all here to make money. Some want it yesterday, some made it yesterday. Some want it within hours or days, others will wait 7 more years.
As long as the weak hands keep falling by the wayside as we jerk up and down, giving up their shares to stronger hands we will get stronger and stronger.
We have been on an uptrend since the closing of round one and the opening and closing of round 2 around 28 OCT 2004.
About .28 cents back then.
We have been on a steaper uptrend since 18 Feb when XOM was notified to make there remaining rights selections by the JDA. (Whether that was a fact or not).
The strong hands and the new money are buying the dips, keeping the dips smaller and higher than the previous dip.
The news articles help provide fuel for the new highs. 5 new highs this year within the last 19 trading days. Thanks to the Houston article, and the Barry Morgan articles.
We will all have our day of celebration sooner or later, at whatever PPS you chose to celebrate at. Breaking .60 and .70 most would agree is only the beginning.
I wish us all the best of luck in one of the best stocks I will ever hold, and perhaps one of the best you will ever hold. When the round two awards finally come, I think we will all put our differences aside and be happy for each other for being smart enough to hold or accumulate the wealth we all deserve for putting up with each other during all these self induced delays.
Tony
Pumper, fact finder, believer, basher, sceptic, realist, and soon to be well off.
Thanks, Tony. And as they say on RB, "Long and Strong, ERHE!"
8 comments:
For those of you who feel the need to always criticize the messenger just stop it.
The people that criticize Orangeandwhite make very little sense. What do you want the guy to do? Lie about his conversations with the JDA? He's just relaying what he is being told. If you cant handle that then sell your shares. Its not his fault that things dont go according to plan.
I do agree though that we all get too exuberant at times. And I do think it is better to hear both sides without going balistic or thinking its a vast conspiracy or a lie. (aka the reactions to the Exxon messages on here yesterday.)
In any situation you are going to hear both good things and bad things. You cant go through life with rose colored glasses.
the zig zag battles between the longs, short term traders, and daily flippers on RB and other boards are becoming fustrated and relentless, as the bashers slash gas on the fire to make things worse.
Is is time to buy or sell? What's the new trading range this week now? Will the messenger's update spark a buy signal or a sell signal and will it provoke a battle of words, and a battle of the time-line opinions of the upcoming events?
Nay Sayers vs the pro commentators
And, Joe Blow has been the #1 zig zagger.
I think there is too much concern over what posters are saying and not enough attention to what Sam Dimka, Barry Morgan, Exxon, abd Obasanjo are saying.
We seem to get conflicting reports. Barry basically said Exxon had made their decision (although his article seemed to be contradictory). It doesnt seem as if Exxon has made a decision so apparently he was wrong.
Sam Dimka is very helpful and pleasant but his comments usually end up being wrong. Is he sincere when he says things? IMHO yes. Its just that the situation seems to be constantly evolving.
We havent gotten enough quotes with Exxon to know where they stand in this whole thing.
So basically we have muddied waters right now. It sure would be nice if the JDA would put out an official PR and clarify things.
However is that really the norm? To governments usually give constant updates during a bidding process? Probably not. So it is probably unreasonable to expect one in this situation.
By the way congratulations to Muktwadadi. It appears as if Muktwadadi was right. Exxon was granted an extension.
Thanks, Joe and anonymous, for helping me understand the impact of XOM's pending decision.
Bests,
Homeport
From a TA angle:
ERHE should see more selling pressure today. A healthy bounce off the 30 day moving average (.56) will satisfy all technical indicators and keep the bullish momentum swing forward into the upcoming events.
I've got my lunch time chips for the dip.
JMHO
Now, I do TA as well, not deep into shooting stars, jumping frogs and all the other hokey pokey nonsense. The above post clearly demonstrates that you can't use one tool for everything. Trying to chart ERHE is folly. Intraday by level 11 is the only safe way, having said that I have to disclaim that I have used a live chicken to help me time stocks. Picked it up in Island hopping in Jamaica AYE
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