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Petro One Energy Corp CUDBF



GREY:CUDBF - Post by User

Post by REALRETURNSon Sep 04, 2014 3:11am
273 Views
Post# 22904357

RR EXPLAINS

RR EXPLAINSMost of the trades yesterday were done by day traders, they show up in the morning, buy the stock and "in this case" were hoping for a bounce back. The stock opened at 46 cents, up to 49 then down to 38.5, day traders expected a bounce back to 50 cents or more, but the stock stalled for most of the day between 40 - 45 cents, a lot of day traders DO NOT keep their shares the same day, meaning, the stock needs to be sold before the end of the day, hence the selling pressure towards the end. This Is not the first time POP closes at the lowest of the day on a big volume, look at the chart, this has happened August 11 and August 12 then bounced back. Tomorrow the stock will have a big bounce back, won't be surprised if I see it close at 50 cents, after flushing all these shares and getting rid of the anxiety in the stock. From a fundamental perspective, the deal is still on, they still funding phase 1 with or without the PP, they would rather raise the money since they are up already. Do not think too much about this, I am in, so should you. Selling was way overdone.
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