RE: RE: ScaryDonD1. Not sure what you are looking at but my look says that over 160,000 shares were sold down through
.26, with the majority at
.25. The price has recovered a bit but on over 500,000 shares trading, it certainly brings into focus the risk playing penny stocks. As I said in my earlier post, people sell for a lot of reasons, however, this has been the second market order sell in three days. NERVOUS people, I suspect so. But it also could be the well they are drilling has come up dry (but who knows, only the company and people close to the company know), we will ALWAYS be the last to know and by then it is usally too late. I suspect people in the company monitor the board and are likely laughing right now because the paper can do whatever it wants. The paper can load the board up on the sell side and trick people into selling at anytime, and the reverse is true, large bids can drive people higher to buy, much like what happened when the stock crossed
.30 and traded heavily up there.
As I write, now over 550,000 shares and more selling. The tail will be told at the end of the day usually. Either sell and move on, or hold and speculate, even perhaps buy on dips.
But still no one has said anything about the size of these wells, and whether they are economic, and whether the share price supports any of the activity. Any thoughts would be greatly appreciated.