FALCON OIL AND GAS: CHART AND DISCUSSION THREAD (moderated)

Falcon was discussed by a fund manager on robtv 12.30 mkt call 6 mins in.

-interesting co
-not my mandate , non producer
-rank explo play multi billion (?) cap
-was short in hedge fund at higher levels, did cover
-interesting play too high risk
-gas play in shale have to heavily frac this thing
-priced for perfection
-need to find a lot of gas to justify the price it is trading at
-not for faint of heart
-not to say it can't double or triple
-it could happen odds are against it
-already up 400% ytd

I have had an email from falcon and they say they expect Falcon to communicate "soon" . My reading is an update on progress nothing more.

I'm still confident but the recent price action is understandably making me jittery. I really hope the photos of huge diameter pipe that lanman posted on stockhouse are the same as someone saw and got excited about in Hungary.

cheerio pg

memo to self: next time really try to keep the % of portfolio under control however enthusiastic one gets.