TSXV:BMX.B - Post by User
Comment by
amp7on Apr 04, 2011 11:34am
323 Views
Post# 18381602
RE: Puzzling why there is selling at around .60
RE: Puzzling why there is selling at around .60Sometimes the market knows things retail investors don’t. Regardless, I’m hanging on to my shares and over time I expect it will pay off.
That said, IMHO, much of the current oil price is speculation stemming from the unrest in the middle east. If Lybia were to get resolved with the dictator leaving and the US simply refused to support other popular revolts, what happens to the oil price? We still have countries on the verge of going belly up in Europe and the US has a few debt problems of it’s own.
At the end of the day, the stock has not moved much and when one adds the possibility of a sudden drop in oil prices, I don’t see it as all that strange to have a number of investors trimming their position in the energy sector.