GREY:ENGFF - Post by User
Comment by
travelnutteron Apr 03, 2008 11:21am
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Post# 14934482
RE: Will we ever break 4.00
RE: Will we ever break 4.00Don't panic. Re-read the last posts of Panda and Bmoney - they have a good sense of what is happening. We are at a stage where buyers are trying to maximize profit by forcing price down - even drop of pennies helps the profit margin when you plan to buy thousands of shares. Most players who follow ENG realize there will be an inevitable uptick once spud is announced and they will not want to go into the weekend without shares in case NR released before opening bell on Monday. We'll see sideways/slight drop today with an increase tomorrow, IMHO. Not positive we hit $4 by end of Friday but I think we will, or be very close. Rest assured, we will cross $4 next week and show strength afterwards. Don't forget that there will be sellers as drill result NR approaches - some people prefer the easy small profit and don't want the risk in case drill NR disappointing. This is all about speculation.