Club Mulgoa

Saturday, August 25, 2012

WHN

This one is for the gambler.  But if the seismic studies suggest oil, then is it still a gamble?  It will move a lot only if a neighbour scores a hit with its drilling or if a big boy takes a real interest in their equity or tenement.

It is also a good one to trade.   Good news will leave to a spike in its share price... often to tumble after a few days.  But of course, if another good news hit after you sold, then it is bad news for you!

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