GREY:WFREF - Post by User
Comment by
JohnJBondon Nov 04, 2014 10:57am
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Post# 23092350
RE:New 52 Week Low ---$2.79
RE:New 52 Week Low ---$2.79We won't know the bottom until its come and gone.
We do know its right around here somewhere, and it may well have been earlier this morning - particularly it tomorrows after close earnings look reassuring.
As I wrote yesterday, any one of about 20 positive things can happen to a bottom bouncing stock at any time..............and all cause an upward movement.
It could be (a part list that comes to mind)
1. An insider purchase (they can't do it until earnings are released)
2. A buyout rumour (if true, insiders can't do 1)
3. An asset sale
4. A reassuring mgmt statement
5. Positive earnings/cash flow
6 Positive well results
7. A take over offer for a comparable
8. An LNG investment commitment by PETRONAS etc
9. Some oil facility somewhere in the middle east getting damaged
10 Some statement from OPEC that they are going to do something to push oil up
etc etc etc