Read Polishing the Dimon Principle from the WSJ.
I think it is at http://online.wsj.com/article/SB10001424052702304543904577398173827749672.html
The author goes over The Feynman principle: "You must not fool yourself—and you are the easiest person to fool," as the Nobel Prize-winning physicist Richard Feynman put it.
Once we buy stocks we lose objectivity. I really had much higher expectations for ths stock and I find myself thinking boy that was dumb. But after the conferance call I decided to buy more. This company has increased its production at a rate in line with their estimates. The started a few years ago and now are producing at their highest rate ever. The can only grow so fast and their plans are solid and within thier capacity. I think they will exit 2013 with the production that was suppose to be online this year. They are going to pay down their debt should be in a very stable position for further expansion.
You can buy the stock at 6.75 sell Jun 10 call for .50 which give 7.4% over 8 months which give 11% return per year if not called away and a 60% return per year if it is. A 60% return is nice but there is real risk as they have a history of disappointments. But they also seem to be heading to their goal of becoming a major player which takes time. Look at Devon's records