I thought I should share this with you. This was a rant against the nincompoops/short sellers/pumpers on the yahoo UPL message board...
I haven't posted here in several months, but the latest assault on intelligence on this board has drawn me out of my silence. There is no reason to surrender to the level of ALLCAPS "sellatbid" types, who apparently operate with minimal literacy and identifiably poor command of language under several Yahoo nicknames. Ignore. Don't reply. He/they/it will go away. Feed him with replies to his numbskull nonsense, and he'll be energized for another round. Some mighty smart people seem unable to resist the temptation to reply. To each his own.
There is every reason to stop a moment and review (a) where we have come from -- and why?; (b) where we are going -- and why?; and (c) does a day, or a few days, of pause or pullback justify any concern at all?
(a) Look at a 5 year, 2 year, 1 year or six month chart. Even a one month chart tells the same story -- that you are very, very fortunate to be long UPL. We have come a long way, very quickly. Even if you just got into Ultra this summer, you are far, far ahead of anything the big brokerage houses and stock market gurus preach about the need for diversification, spiders and index funds. So, why are you worried about a small pullback on some profit taking? Never develop an Investor's Business Daily attitude about "tight stops" with Ultra. It might work in some stocks, but all that philosophy will do for you here is make you lose your shares and miss out on the next big run-up. The winning philosophy with Ultra is disarmingly simple: Buy. Hold. When you get more money, buy more. It may not be be "fun" like hitting the craps tables, getting free drinks and whooping it up when somebody rolls well -- but as Mr. Yarber posted today, this is investing, not gambling. Ask youself if you're investing or gambling. Then -- why have we come so far to date? See bobw's succint and impeccably researched recaps of Ultra's fundamentals. These fundamentals include shrewd acquisition of drilling rights to an ocean of natural gas -- not in some remote and politically unstable Maniac-istan, but right here is Wyoming (well, that state did produce Dick Cheney, but that's another topic, and not one to debate here of all places). Combine that incredible asset -- Pinedale -- with the very best management (featuring first and foremost integrity, then excellence in execution, add to it a conservative reserve booking rule, and you get fantastic results with the lowest drilling costs in the industry, delivered by people you can trust with your money). The recipe for success was there long before we saw a spike in natural gas prices. We have come so far because this company has all the right ingredients for success and has executed on its business plan in a manner that analysts are just beginning to recognize.
(b) We're going to keep going up -- maybe not this week, but over time, and for years to come. The stock will split and hit $60 again before another year is out -- and that may be conservative. Why? Same reasons. It all comes down to unparallelled assets being managed by exceptional professionals, in a market that increasingly values the product we produce. Yes, this stock's Price-to-Earnings ratio is high and it will compress -- but not because the earnings will go down or the stock price will fall. It will compress because the earnings are going to be so huge that the stock price, while rising steadily, just won't keep up. Look for a double at a minimum over the next year and continued fantsastic growth for many years to come, until someone with a household name buys the company. Do you want to miss that moment, whenever it comes?
(c) Does a pullback matter? No. It's inevitable; people and companies take profits. it presents buying opportunities; it will be brief and soon forgotten when Mr. Watford and his team announce this quarter's results and tell us what is in store for the next.
Buy. Hold. Ignore. It should be your mantra.