Eaglewood Energy Inc EWDYF

RE: I think people aren't reading this

[kingcarter]

Not saying your analysis is wrong ... but have you considered that there are a lot of people and institutions that also know the ins and outs of security semantics?

If it were as great as some are saying, then they should be buying. Then again, maybe they're already at their limit of exposure to this one ... but you'd think great news like this would bring them out.

What happened in the last spike? A bunch of retail investors that do not know how to read a release properly picked up shares simply because there was a release. Retail investors saw it at 75, 80 cents, figured there's support for this.

Then the profit taking happened.

The release was neutral to slightly positive. So I'm not down on the stock ... but I am of the opinion that the market knows more than we do. It's down because of the release, and there's a reason for it ... more people selling than buying. And there are people who are experts. Maybe they are buying a little here and there cheaply, I don't know. But they haven't shown any support on this one.

This leads me to believe that the other poster was correct about this being a ranger. Until there is more decidedly positive news. Is there more positive news, I have no idea, all I can see is that the NR's and charts tell a story and it's one of neutrality.