RE: RE: Ready to pop?Thanks quietobserver... Somehow I think you also know the real game.
All higher highs with even a higher than yesterday high says leg is not over. yet..(As martha would say.."that's a good thing") there seems a lot of power behind this one and may be hard to relax if you bought at .61-.70 but the truth is this 42 day return from the bottom of 515% is nothing compared to the 4000% drop from 25.00. Yes I know you can't lose 4000% but if something gains from .61 to 25.00 you would have a 4000% gain.. just a little reverse theory. There is always a minimum move after a slammer like that and 3.75 is still a long ways off.
Today was a classic if I ever saw one. Everything was in place to sell traders at the open BUT strong buying came in below 3.30 forcing a few smart ones to grab the traders back and ready for the weekend hold. They would hit the sell stops and move higher until Oil showed it would not move back. They decided on a new high supporting the HOU and TITTEN.
60.00 oil next week? Good possibility.
Never has this had a 20 million share day 2 days in a row. This has traded nearly 397 million shares since the low.. several times the float. Where some get their 100 % gain, others step in for theirs and shorts are left scratching their heads at the mere 30% retracement.
I have kept an eye on the NXY/OPC ratio since last year. Worse was 26.873 .. when... guess... Mar 11 :) Time to mortgage the house, sell the car, trade in the wife(just kidding) TIME TO BUY!!
Best ratio was when? .. 1.705 last June before the fall. Today? 6.618 lowest since Nov 7 when OPC fell from 4.02.
I fully expect OPC to be back to the 2-3 ratio before very long.
Love the game... give me volume and you can't mess around with the share price without tipping your hat.
So to all the big wig , know it all, wall and bay street "experts" . Got a question for you. Why were you bad mouthing OPC as it dived below 1.00? Oh I know... you were buying, right? Probably not smart enough for that. But I am sure you will say BUY when OPC reaches the real top. All these guys need a pay cut.
Sorry for the long wind... had to vent a bit.
Meanwhile a few more free shares added to the coffers today and still holding the traders rebought at 3.31. All the best into next week.