GREY:ROAOF - Post by User
Comment by
JimBobbyon Oct 05, 2008 1:43pm
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Post# 15505793
RE: Capitulation
RE: CapitulationI watch the live price action myself after the news release. There was a knee jeck reaction down to the $6.76 level and then large volume bids were entered and the price quickly reversed to over the $8.00 level.
Then the general late market sell down lowered the price to $7.85
Oilexco was down 17% on Friday. This more than discounts the news release. More rational heads will prevail in this market.