RE:who's still selling and why?Its goingdown because of the 'disinterest syndrome'. This condition manifests itself when a series of bleak news reaches a point where investors are simply fearful ot investing because the snake is now proven to be poisonous. During this time there is a reverse mirror euphoria enjoyed by shorts who become manic with activity as they know all serious buyers are gone.
Consider bad management, bad hedges, overbuying of assets, huge debt, no vision,bad surprise after surprise, Cation, nothing good.A trail litttered with pieces of garbage in the dump of used rusty overturned automobiles surrounded by angry guard dogs.
There comes a time where the bad news is replaced by hope. Hope that oil prices stay high. If a few months go by , if there is no bad news, and oil stays high, then some people will see hope and take a bet. This will only happen if:
1)no bad news
2)oil prices stay high
This company has been a fraud, discovered now, worth a lot less than the good old orgy tongue flicking days.I believe its worth more than $12 when their poisonous tongue is cleaned and brushed and becomes humble , resting calmly in its clean disinfected mouth.