hold but risky buy25 Feb 2006 14:13
ELP - I bought a stake at 36p after they had come back from 45, and intend to hold until after the drilling result. The logic was that I could afford to lose the whole of my stake, but if by some chnace ELP hits the jackpot, which is far from a foregone conclusion, then my small stake could develop into something a little tastier ...... Now the shares have recovered to 42, I think it is too risky to take the plunge, and therefore not a buy.