Trend ReversalI have been watching this one for over a year. To me I thought that around $3.00 was the bottom, when it dipped below, I took my position. At this point I see very little downside risk, and huge upside potential. Good risk/reward. I like the small float, and that it continues to get smaller with the buybacks. It's nice when you time things right, not that it always happens.
If the execution goes well with the drilling, lookout.
Lot's of technical traders on this exchange as well, and the downward trend is clearly broken. If it holds, I can see a rapid uptrend. Sellers look exhausted.
Cheers
Presclubs.