The same thing has happened to many investors including GMXR and LPR. The point is that management are mainly crooks in this oil & gas environment. Even now investors in FSTO are hoping that they will come out with something. I tried to warn investors last year and the year before that in GMXR and LPR and now FST adds an O to their symbol and I feel that they will find a way to finally reduced the stock to 0 so management can float another issue. I made my money on the downside already so I hope the stock investors can recoup something but Forest Oil was a company full of frauds and theives. This will not be the only company going into the tank. Until FCG the natural gas ETF gets down in the 5 to 7 dollar range I am afraid the natural gas market bottom is yet to happen. EOM
That was the spin off Forest Oil did that was a complete fraud now a private company with same intact management that took them into bankruptcy. Now you are starting to get the feeling of those LPR stockholders that lost millions.
Shades of GMXR LPR and soon to come LPR....
You are absolutely wrong. Ion is more sleek and modern. If you ever used one you would know the boxy GoPro is just a gimmick media event that makes you look like a fool when wearing them. The Ion is more space age looking. So you have no idea what you are talking about . If calling you stupid wasn't rewarding you I'd call you stupid.
Also, Lock Up means that when expiration comes the stock can be sold so again your wrong. That means people will sell and that is not good for this stock.
I think there is loss selling going on right now. I do believe next year it will be great trading oil in 2015. I would not be surprised if oil traded near 85 next year and that is the story this is a 85% gas company not oil so go figure. I'll buy more but I'll wait maybe until beginning of 2015...
I did. Luckily I only nibbled yesterday and its down 6% lol ...think I'll wait and see until I invest anything more it seems the market does not have faith in WRES .
Why do you post your shorts or buys like who really cares on way or the other. I always wonder why people do this BS...it is plain irrelevant.
Thank you FST longs my Hat Trick is complete. GMXR LPR and now FST. And management never loses. They will BK this early next year and wipe out the stock holders like GMXR and LPR did and come out of BK with full ownership of the land. FST is burnt bacon.... EOM done
Sentiment: Strong Sell
Just as I thought this market is FED driven and remains that way so the news media pumps and pumps that everything is all great. Remember don't bet against the FED and the Wall Street investment bankers because they have free money to bogus around this latest run up in the stock market.
Casino is up and that is the way it is in this Fed run casino money game. The Banks and Investment Managers have it for now...they will come away with great Christmas bonus checks.
AXX will never make .60. Hebei Iron will put a back door move on management and end up owning most of the shares just like the foreign companies did with Baja Mining and Selwyn Resources. This left the stockholders hold absolutely nothing. Baja shareholders only own 10% now and Selwyn shareholders just own a small lead and zinc smelter worth who knows.
Stay away from this POS unless you want to lose all. The foreign companies will end up owing everything.
Sentiment: Strong Sell
Buy bullion and maybe 24 years from now you'll get my point. EOM
Bab..not sure you get my point. As to short I don't short precious metals. Also, as to chasing I don't do that either. I have been buying 1 oz silver American Eagles in tubes since 1990 and sometimes just plain pan american silver rounds. All of what I said was conjecture and as to equities in these precious metal companies are dubious right now for I would rather buy bullion than equity stocks. You should get it now.....EOM
Until the dollar loses strength and oil starts to move up I don't think metals will increase in price. I am not sure silver will be at $17 until we see a bottom in gold and not positive on gold prices now. I feel we have a stagflation event coming. Europe is weak and it's economy is a hair away of going into a recession. I say we have a Global slowdown looming and 10 to 15 dollar silver next year at best. AG will most likely see low 4 dollar prices maybe even breach 4. So good luck Jeffrey Christian. I think I will wait a little longer. But the long term view looks excellent for precious metals.
Really like you I don't know but I am not in the equity markets just think this last run up in the stock market is as bogus as you can get.....AG is in a tough spot but I do believe they will weather this storm. This just reminds me of 2000 where everyone was on punch of some kind when it came to equities. If metal remain low AG will have to place some mines on maintenance if the metal sell off fury continues. AG has sold off probably 36% over the past 2 or 3 weeks or less. I do believe 15 dollar silver has to be held or we will a total flush of the metals market.
I think everyone is surprised by the strength of the sell off in metals and the strength of the equity markets so AG has egg on their face not knowing if they
maybe should of sold what they held back during the quarter. I know one thing if AG has problems can you imagine the other miners and especially the juniors they are like 2 months away from panic mode...while the equity markets investment bankers drink champaign..What a world...lol
Not long or short metals now. Everything is so bogus now just cash for me now. But I feel you are correct about hedged miners because within six months you can see many closing shop so to say. As to mergers I don't think so because I think conserving cash is necessary for all the miners including the large producers. So I think more pain is coming to this metals market while the bogus stock market is kept afloat...this is the world today that we live in but the long run metals will come back strong once the banking system fails again which will happen...my opinion.
I figured there would be selling through the end of the year but this is obscene. I feel for those in this
and other precious metal miners. I mean this looks like its heading under $4.00. I have been out of the precious metals market for 2 1/2 years but I am getting ready to buy soon.
While the bogus stock market is running up by investment bankers for their annual bonus Christmas check. I mean this is really amusing...lol. People are so gullible in this day of age and never learn anything while taking back the little peoples money.
The precious metal market is pricing in sub 1000 gold and 10 sliver right now..my opinion.