GREY:CLLZF - Post by User
Comment by
Jmark1on Jul 24, 2007 4:28pm
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Post# 13142905
RE: Nice get
RE: Nice getI don't understand the logic of a lot of posts on this forum.
So what if a couple of insiders sold some shares to buy options and took a little cash, happens every day.
Secondly do you guys really think that the moment steam is applied to the formation the price will jump? Why would it, it will take a year before they see the results of the steam injection!
The shorts know this and are banking on it.
I'm not saying there will not be incremental growth due to the rest of CLL's holdings, but to see a huge spike because of steam injection doesn't make sense to me. Everyone knows steam is going to be injected, it's built into the current price. How much oil actually flows into the production wells and when is another story!
Good luck to all the longs!
John