GREY:ROAOF - Post by User
Post by
oil-guyon Oct 05, 2008 11:28am
697 Views
Post# 15505667
Capitulation
Capitulationyou saw real capitulation at 3:15, buyers and short covering came into play once investors realized that 35000 barrels at $90 level would still represent great value at a 7.00 stock price. The billion dollar credit line will sort itself out with in a month or so. No banker would give up 6-9% return on solid assets and 3 million dollar cash flow per-day company.