Long Run Explor Ltd Ord WFREF

RE:Lre is a dead duck in the water lately

[Ahkenahmed2]

We cannot get out of this range because there are too many long holders who will not capitulate.  I am willing to bet that trading houses have very few of the OS on hand and thus, they will just hold it down here unless FORCED by bidding.  After all, they did their counting between themselves (as houses) and acted in concert with Shittybank, got a lapdog (dundee) to bark about the debt and the ever building supply of oil and there you have it, an easy recipe for easyshort sale money. 

So now, longs must wait for oil to rise, management to demonstrate debt reduction, buyout offer, merger, etc, or all of the above.  However, with events in Yemen demonstrating just how volatile the world can be, I would hazard to guess that if oil gets over 50, the pressure (read bid) will build.  Accumulate at your own schedule and risk tolerance.

GLTA and stay frosty  :-)