RE:RE:RE:RE:Who is Buying on the Dips?You can pretty much count on a 25 % to 30 % pull back from a peak on any lengthy period after the event that caused the peak. People take profits while others can't wait for anything. A further decline due to a disappointing drill result is perfectly normal, it's hardly a total price collapse.
If this were the Royal Bank then maybe it would be a total price collapse but it isn't, it's a spec oil stock, absolutely nothing unusual about what's going on here.
We might see a further .10 decline but I doubt it, Casca Deep is coming and everyone wants to be in the stock when that happens. And then Royston, still a few months away but it could be a gamechanger in it's own right.
Relax, this happens all the time, new highs could be just around the corner.
becker123456789 wrote: This is not just a dip we are down almost 50% from peak. This is called total price collapse. Personally I would wait until price turns around or at least stops falling before I would buy any more of any company during a continueous drop , not a dip. To view this as a non event or even funnier a positive event is off base. As for selling now it's a speculative buy after that 8% it dropped again today. I would say we are undervalued and a buy but as you stated a lot of hate for what happened floating around right now.