Aroway Energy Inc ARWJF

Consistent volume most days 500k shares

[Henmystirsir]

It might take a good day of 1,000,000 shares to get it to new year highs. It has been a relatively gradual share price climb overall. New buyers and holders seem to be content with the share price fluctuations. I would guess about 1/3 of the daily sells are from old (over a year ago) holders, 1/3 are probably day flippers trying for a penny or two, and 1/3 might be the warrant holders getting funds for exercising the warrants. So I am thinking the warrant sellers should be done in a few days and day flippers will have a harder time flipping and will get frustrated and move on, and most long term holders should be easing off on selling and allowing ARW to perform as is projected in the drilling/recompletion program. So in summary the selling pressure and shares available at this price level should dry up soon. With normal average buying interest should push the share price up to the mid 70,s area. It could happen today or in the next two weeks depending on how horny the buyers become. If after reading the corporate presentation you dont get a sensation to get a position in ARW then I think you might not get the whole company efforts. Internally there are so many positives going for ARW and the share price actually reflects investor confidence in the present production and future production increases. I need to find more cash so I can add a few more. All in my opinion.