Petrel Resources - moderated discussion/research part II
Markqi - Fri, 29 Dec 06 :
I believe what I said yesterday has hurt some of the investors in this thread. I make applogy for what you have suffered.
But I believe what I spoke is true - the IRR is negative if you bought this share around 2.5 years ago and hold it until now. Buy and hold strategy may be working for some strong potentials like VOG, AHT or so, but if you consider the sell during the period for PET, you may open your mind more widely and make your fortune more quickly
That is my own opinion based on the past facts which PET share has performed since 2.5 years ago
I shall admit the great potential of PET share. but the question is when PET company can realise its expected achievements. there are always the news, hope, expectation, rumour surrounding this share etc in the past to influnce the share price.
Most of PET share price performance was in down turn or kept in a low 35-50p level in the past 2.5 years and it will go down further or maintain current level rather than go up as although there will be a real big news to lift the share price upwards very quickly in the short term in the future but the apperance of this news is too far away from now.
