RE:RE:new 52w low incomingWell said bandi10. A friend asked me today why the drop off in price the last month or so. Based on our discussions, corporate filings and friends I know who have bought shares here, between 70 to 85% of the companies float is in the hands of people who have not sold a share in the last year or so. It may even be higher. People in CD for a quick trade and a quick buck are the ones moving the price. The average volume has remained under 90,000 shares for the last month or so. This volume accounts for 1/10 of one percent of the float. The corollary to the downward price action would be then why hasn't the SP remained stable or gone up? I would surmise that people who have shares are content with what they have and have not added in the dip (with the exception of a few people I know).You can't stop people from impulse buying or impulse selling. Let's wait to see how the drilling season progresses. Any movement in share price is purely emotionally reactive due to the bear sentiment in the market as a whole and has not been based on any information either positive or negative released by the company.