GREY:CUDBF - Post by User
Post by
hedgeron Sep 21, 2011 11:06am
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Post# 19065977
losing mojo?
losing mojo?not sure there is any trading "conspiracy" in POP..........just a typical venture mkt and when it is quiet with lack of news these stocks trend lower. unfortunately these development cos require "news" and "news releases" to stay active and keep up a momemtum. not exactly sure the macro world view plays that much a part in POP movement. would imagine most have never heard of Petro One, we are not quite up to an Exxon just yet. at this pt of development the stock price lives and dies by news............
we are in a dangerous area in the $1.30's, without news we could falter even more and it is going to take a whomping good nr to get us back to our old high. no doubt we have decent news around the corner but will it be enough?
i understand the world mkts are very precarious and that can make investors sit back but with the right news POP can make it's own world........doubt oil prices will go much lower................
i think we need some direction and soon...............
in relation to my question of so many 100 and 200 share trades everyday not sure i understand your answer airmax? there has to be a sell order for each one of these small transactions, i just wonder where they all come from? by the way, it is not me..............
still holding and anxious for some direction. after a release of a first hole gusher would have thought mgt would follow up a little more quickly on proceeding capped wells. would think they have enough info to pass on to the "common" shareholder..................we hope for the best................have a lot riding on this one!