Granite Oil Corp GXOCF

Energy

Granite Oil Corp is a Canada-based oil producer based in Calgary, Alberta with lands and operations located in southern Alberta. The company is engaged in the exploration for and exploitation, development, and production of oil and natural gas. Its Alberta Bakken Properties are located in southern Alberta at the south of Lethbridge.

OTCQX:GXOCF - Post by User

Granite Oil Corp

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Comment by nijinsky70on Feb 21, 2013 5:25pm

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Post# 21025243

RE: RE: RE: RE: Strength Lurking

Hi Larson6:

I was actually quite dismay that the $6.80 bought deal price had fallen to this level. Why is there no support to safeguard this price? That's my biggest concern. That's why I decided to spend the dividend cash received for this month to top up on MMT instead. Even though DTX at this level looks very enticing.

With the PSN fiasco still fresh in our memories, it's better not to catch a falling knife, regardless of how remote the chances may be. In fact I put in a stop loss at $5.90 on DTX this time, something I seldom, if ever, do. Let the MMs play their game, I'll lock in my profit (my average price is only $4) and comeback if they push the SP even lower. You can't beat these MM creeps you might as well join them and pick up some crumbs.

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