GREY:ARWJF - Post by User
Post by
Techsavyon Feb 16, 2014 4:04pm
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Post# 22215964
After 19 months of deception.....
After 19 months of deception.....
It finally looked like ARW was going to experience a "cross" of the 50 over 200 sma. Unfortunately, it looks like selling pressure is going to pick up as CC continues to bobble the ball. Long term downtrend line is still intact, as low/mid 30's proved to be too much resistence.
This is what happens when you pound the table at 1000-1200 bopd and then oops, drop the ball
CC should be sanctioned for his actions. If the new wells top out at under 100 bopd, ARW will get hammered to the extent that most will think 26.5 cents was a gift.
Those who think that dilution is not in the cards, think about who you're trusting here.....