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Vero Energy Inc T.VRO



TSX:VRO - Post by User

Comment by JohnJBondon Aug 24, 2012 2:42am
223 Views
Post# 20255475

RE: RE: What gives?

RE: RE: What gives?

I agree positive well data is finding its way into the market.

 

The volume is high, but the number of trades is low - ie volume is from a few large blocks.

 

Its pretty easy to move a thinly traded share price a few percent when you are about to cross a large block.

 

I don't know what is going on, but I do know the use of the word "plumet" when the share price looses 14c, on a market down day, when the Dow was down 115, and oil was down significantly, is inappropriate.

 

I suspect one party is accumulating a large position.   It could be pre take over accumulation.  It could also be institutional investor accumulation.   Either is great for shareholders.

 

 

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