RE:Why aren't we moving higher
are not moving higher because there is no catalyst to move higher. Yes, market makers and shorties are always part of the dynamic but just as important is the retail investors who whine and moan and then dump their stocks because they think the purpose of the company is to drive the price of the shares up.... If it was a very big company it would have that on it's agenda and would invest the time and resources in doing that. I do not want this company to waste money that way. They are doing what will make the company worth more - building the assets, lowering the costs and increasing the revenues.. Sure I would like them to release their production update today - as gas goes down, but they released it on July 16 last year and that is what they will probably do this year as JdV has pointed out... THERE IS NO chance this group of managers is interested in selling the company anywhere near the current price. Yes, a plan of arrangement or merger is a possibility if it improved both parties to the deal. So NO way there is any driving the price down to buy cheap agenda which makes sense to me.