mike13 Nov 2010 19:08
i started out in the oil and found it very volatile. sp spikes when drilling starts, then down, then spikes just before news is due, then news don't come sp down, then bad news sp -40%!! I was in Solo and Aex. BTC seemed very good, but sp went down on good news (explain that one) so got out at break even. I've always been in Tric - they are starting out in a new direction - but that is a super long termer - i'm talking end of 2012 even summer 2013. And i will hold that until then. the rest of my PF is OMI and small one on KEFI and a very small on OPM. My funds are still small so not spread too thin at the moment.
I think there has been a bit of tree shaking and people taking profits, once thats over, it'll be back on the up. We have directors buying in and employees taking up stock options so its all good and we have a good drilling program for this year. plenty of news still to come i think.