Second Wave Petroleum Inc SCSZF

RE: Disaster

[MustangMatthew]

Every thing is there on Sedar, you just have to read the MD&A and financials.   Some of those big numbers are peak volumes, all the numbers are there.   I have no clue why the SP is falling apart still, other than tax loss selling.  I am pretty sure Nuttal was a major holder of this paper and when no buyout came I am sure he dumped and moved on talking the share price down as he went.  As a value investor the metrics are all there no matter how you slice it.  It could be getting dragged down with Arcan by association too, hard to say if this thing doesn't improve by mid November I will begin to wonder.  As long as these levels hold technically we are in good shape a double bottom would be O.K. if it holds you want to be buying, buy when people are fearfull sell when they get gready.  If it breaks down all bets are off, Cheers Matthew