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Simba Essel Energy Inc SMBZF

Energy Oil & Gas E&P
Simba Essel Energy Inc is a Canadian exploration company. Its principal business activity includes the acquisition and exploration of resource properties. The company engages in the process of exploring its oil and gas properties.


GREY:SMBZF - Post by User

Simba Essel Energy Inc
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Comment by YukonCornelius2on Oct 18, 2012 8:17pm
153 Views
Post# 20500896

RE: RE: School is in session: Lesson 1 - stock pri

RE: RE: School is in session: Lesson 1 - stock pri

MacQuarie dumping shares right at the moment of the NR is what's alarming to me. The concept of selling on news is nothing new but anyone following SMB would "assume"  after considering the amount of volume over the past few weeks shares were going to sell today. So why not hold on a few hours and sell at .16/.17 etc... MacQuarie could have sold shares @ .15 for the past week... so why dump this morning?

If anything, they diverted the attention away from SMB by immediately following the NR with a fat red arrow rather than a green one, loosening the grip on shakey hands and wavering the credibility for potential buyers.

Who knows, maybe the boss man is going to Panama for the weekend and needed some extra cash... but I doubt it.

JMO  -good luck!

 

Cheers

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