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Trading BKP: Day traders piled up for drilling!

Discussion in 'Shares' started by wdongli, 1st Jun, 2011.

  1. wdongli

    wdongli Well-Known Member

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    No news and the season is still for selling but day traders are piling up in queue to grape some shares of BKP: Its price moves up to challenge $0.024. Really want to dump what I have got. But a). I need the profit for next financial year; b). if it has the shale oil, it would make itself and its patient bargain hunter; c). the prospective is so promising and I have so much margin of safety, which force me to hold.

    I believe I hold the hand of good probability BKP has big enough shale oil. I am betting but I am not betting as a gambler without ideas what are going on and what different scenarios are in the card slot! If you believe your judgment on the winning odds, you must be patient even the consequence could be very bad! Do you seen any table would be closed if the rules are followed by the gamblers in Casino and just because it loses the money because some gamblers' lucky turns come in?

    When it was $0.005, it was OK you bought it for bargaining. At $0.023, I could not buy or hold it if I don't have some good reasons for the potential shale oil. What's for you bet on some capital for a bet with just 50-50 odds? I could be wrong but I would buy or hold when I believe I have the odds to win at least more than 65%. We need patience, right? but where does it come from? Think about it, don't you? I think it always since it is my money!

    Two elements make the winners: Judgment and decision rightly, and lucks better enough than that "worse than normal lucks." Don't blame if the consequence is bad to you and anyone else. You have done your job as it should be done, which is enough!
     
    Last edited by a moderator: 2nd Jun, 2011
  2. wdongli

    wdongli Well-Known Member

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    BKP: Storm would dry up shale oil if it was there before!

    "Storm would dry up shale oil if it was there before!" Some clever market players believe that. Some intelligent market players feel funny about that.

    Every time when storm hits the market the clever players become very fretted with all of good reasons based on their limited narrow minds. They are not stupid but just could not understand some very basic logic and 101 matters. Every time when the clever players burn the money on fire due to the cleverness of the clever players, the intelligent players feel much better since they are fool and have to stick to the basic logic and 101 matters. They just want to buy $1 at $0.5 price at least. They could not understand how the storm could destroy the shale oil if it was there before even it could be true. Who could say it would be impossible? You guess!

    I just could not see why the clever players would like to buy $0.023 yesterday for the shale oil but today sell to lock their losses. I may be too stupid to understand their system but wonder what for when the clever players risk their dollars for pennies.

    Are you too clever to hold the shale oil if the storm could not destroy the Shale oil under the ground? Just wonder!
     
  3. Tropo

    Tropo Well-Known Member

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    "I just could not see why the clever players would like to buy $0.023 yesterday for the shale oil but today sell to lock their losses.
    I may be too stupid to understand their system but wonder what for when the clever players risk their dollars for pennies."


    How do you know that they are the same people selling and/or buying?:confused:
    Didn't occur to you that those who are selling are profit takers, or maybe..."pump and dump" scheme is in play...
    Smart players do not rock with dirt cheap fishes. :rolleyes:
    If you open weekly and daily BKP chart you may get an answer to your question.
    Have fun...
     
  4. wdongli

    wdongli Well-Known Member

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    Honestly say I don't know but I am sure all of market players pump and dump something, which is nature of human being. The pity matter is nearly all of the market players dump and pump in wrong time, at wrong price, for wrong reason, and then nearly all of us have some dirty-records in the market!

    We all know the Great Isaac Newton but he just got caught up in the South Sea mania. He invested a big chunk of his fortune. Interestingly, he pulled out early (after making a respectable 7000 pounds) then went back in after the bubble continued to inflate. The inevitable bust happened and he lost 20,000 pounds – a considerable sum at the time.

    Don't try to know why they sell in panic and buy in mania in details, which really waste the time as Newton stated “I can calculate the motions of heavenly bodies, but not the madness of people”. We do need to response for the storm and mania wisely and intelligently.

    I learn to pump my spirit and shed my emotion when it would have no chance to hurt me. It is impossible to control our emotion when we are crazy as that to water. Cheerful when all of the market are crying and fearful when all of the market are cheerful.

    I just dream if BKP has the shale oil which were said by the very limited geologic science, what it could become. I would be the same but just get more motivation to update my mind for my own personal legend.

    Hope tonight DOW shed another 200 points and BKP just gets the shale oil. All of us deserve the reward but the resource is so scarce, most of them should be thrown out as bubbles before some could enjoy the bubbles. But don't let the sky fall down!

    Haha. Thank you!
     
    Last edited by a moderator: 2nd Jun, 2011
  5. Tropo

    Tropo Well-Known Member

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    There is always a wrong time if you are wrong, and right time if you are right.
    Many market participants fail because the market forces them to take responsibility for their own actions and the majority of people/players are incapable of this.
    If you have difficulty with this concept stop speculating until you understand that everything that happens to you is ONLY your fault.
    Blaming market, wrong time, other players or sacred cows in India is simply childish.
    Jonah Lehrer on the Wisdom and Foolishness of Crowds | Head Case - WSJ.com
    The only battle you fight is with yourself, this is why most people fail.
    It is very much possible to control emotions, but you must learn how to do it.
    The Technical Aspects of Trading Emotions By Martha Stokes - Traders Log
    Until then...keep dreaming...
     
  6. wdongli

    wdongli Well-Known Member

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    Yes, we have to learn to blame ourselves only in the market. We have to be the independent decision makers. We have to take the responsibility to get our own margin of safety and chances. We should be not childish anymore if we have gone through the IT bust and GFC. Let's become matured by learning the mistakes we have made.

    It is my dream someday some of us could act in the market as the masters in our own circles. We know ourselves and the environment. We know we are not perfect but we do know what we don't know and what edges we do have. We know how to use our edges to cut the profit from the slaughter table setup by the lovely but cruel Mr. Market. Could we do so? If yes, life is good and really good since we could play the game and get the scarce resource to realize our personal legends. Everyone has his own legend even sometimes we don't remember they are in our minds.

    Life is good and should be good even we always have too much trouble. Dream is good in ruins but in mania we should never be dared to dream. In the market desperation, we could dream and should dream. We need some dim light in the darkness. We have heard enough crying.

    ***
    Seriously I don't put my life on BKP but what if it has shale oil? It is a low probable but extremely high consequent event to all around it. How many time in my life could I have a chance like that? Failure in its exploration put itself at the door step of the hell; GFC actually sentenced its death; Restructuring could not promote it too much; Shale oil and the geological report could not stop the market burn it into the ashes until it reached to $0.003; Only PFC(old AEC) and the brave Canadians gave some life hope for it and it recovered from $0.003 until it reached to $0.03.

    Some risks you have to avoid if you could such as IMI(I could not since it is rare the big share holder could sell his business to IMI for nothing! Out of my imagination). However in my 30 dirty-cheap fishes only one IMI but enough dirty-fishes as BKP! Anyone of them if could shoot up after June 2011, my next financial year profit would be good enough to support my full-time market study.

    ***
    Do hope BKP could be $0.20 at least as FDL(FMS), PRR, AZZ, IAU, SNN... did when or after I let them go. We need some lucks sometimes in the market... It is not a science but art. What's meaning of the art? You get up one morning and one flash cross your mind and then a great work appear in the human being history. After the desperate money burning, something could hit the dirty fishes as magic and then just shoot up. They are black swans! Life changes greatly with the black swan. Why were you born in Australia and why do I stay in Perth just now? Who could say very clearly? We could prepare for the luck to hit us with the calculation of the probability!

    If anyone wants 10baggers, don't buy RIO or Tls or BHP without matter how you hope they could not give you 10 baggers. If you want 10 baggers, please buy my BKP or its kind. LOL! I am pumping it, ain't I? Definitely but could you feel the logic and wisdom?

    However before you buying, you have to know I paid $0.005 and $0.017 first. It is my advantage in the market after I took the risks.
     
    Last edited by a moderator: 2nd Jun, 2011