The attempt to jump on the bandwagon....4 Sep 2019 13:35
once an oil strike is announced - as some posters have mentioned on this bb - is a straightforward strategy. Clearly, that strategy is designed to avoid the (low) risk - high reward concept the LTHs (like myself) follow. However, not having any shares at the time of the announcement means being forced to buy in an environment where everybody wants to get in. That in itself is price risky and can cost you dearly - but it is nonetheless a strategy. Obviously, high volume buys will be difficult fi not impossible to execute and due to the high SP paid the reward could actually be marginal. But then again: it is nonetheless a strategy.
I think I'll stick to mine and accept the (low but existent) risk.