RE:RE:Pressure on PTA will end soon.I think any shareholder who thinks that this stock will stuck here until any news comes out should sell.
Why?
They can sell and buy any other Colombian oil stock to gain from the reaction of oil price which has likely just started.
Personally, I beg to differ, for many reasons.
As an example, even the theory that a fund sells, seems wrong to me. When a fund wants to exit, it exit, they sell on the bid price. In PTA, we see that someone is making a wall of 1,000,000 shares in the ask from the start of the trading. That doesn't work for long. It is obvious to us, it should be obvious to the professionals who supposedly try to sell.
The result of this "wall" is obvious too. Check the volume today, it's much lower.They actually deject the buyers, nothing more.
So, we have to choose between to professionals who are ignorant, or to professionals who know very well what they are doing...
P.S.: To those who think that PTA is worthless, and they keep posting in a daily basis: you say you still own shares. So, why you don't sell to 0.13 to save at least some of your money? Oh, I forgot, you are waiting for VETRA to offer 0.10...but if VETRA offers, let's say, 25 cents, that will make you very enthusiastic and you will strongly recommend to anyone who hold shares to accept that offer. Won't you?