GREY:GULSF - Post by User
Comment by
JohnnyOilon Feb 19, 2008 11:03am
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Post# 14391961
RE: Some dumping going on here.
RE: Some dumping going on here.Amateur hour. Look, chances are many of you were here for the LV collapse. The selloff happened instantly, huge volume, and many of us were holding the bag. Now we have a huge spike in volume, shareprice up strongly, and we await news again. TD was supposed to be last week as announced by the company and we are up sharply on strong volume. Now there is a delay in a NR and a couple of well-timed sales gets the retail investor anxious and starts the selling. I wonder who is picking up those shares?!?!!?
In my opinion, we have hit oil and testing will begin. They burned you on the way down, don't let them do it again on the way up.
Time will tell, but I am confident I am reading the trading action appropriately and it will be borne out if we start climbing again a little later today.