RE:Notice the quick selloff on low volume
I dont understand this stock, I have been watching the market for 5 years and I never understood trilogy. Ok market is up, cos will get bought out, I understand that oil industry will go up. Now why going up 60%? this is the fourth time it happens to me. Stock goes up like crazy, then suddenly major colllapse. wait two weeks same scenerio will happen.
Last time it went up to 4.65 then same day went down to 3.9$. (hug swing), at that time price target has been cut to 5.5$, I understand.
But what happened this week, is investors think that Trilogy will get bought out at more than one billion dollars? in my opinion Paramout will take over for less than 4$, and we will see/
How much is this company worth? well I have been in Fort Mc and I know how much syncrude has equipment and reserve, so I understand that 6B$ is cheap for it.
Now the question is, with this market does anyone think that Triligy worth more than One Billion dollars?, and their reserve could not last for more than 10 years.
Does anyone understand how this stock behave? or I am a stupid investor lol...
I appreciate your answers guys