Post by
BrokerG on Jul 31, 2017 10:14am
Volume
Well volume is picking up.
A good sign.
The issue is that there is so many sellers hoping to get out for such a long time, we cannot make any headway. With Oil at $49-50, we should be on our way up, yet sellers are coming out of the woodwork.
Comment by
BrokerG on Jul 31, 2017 4:57pm
I agree. We took out resistance. Over 4 million shares will do that. That was alot of pent up selling though. News should be out this week or next based on their previous news release. Very important week ahead.
Comment by
BrokerG on Aug 01, 2017 11:00am
Well wittman, I guess you were right again, unforturnately. It looks like we got caught in a day trade. This stock is unbelievably discouraging.
Comment by
xmaster on Aug 01, 2017 4:31pm
the chart still looks bullish to me. 8 cents in single day was simply too much without any news.
Comment by
xmaster on Aug 01, 2017 4:31pm
the chart still looks bullish to me. @8 cents in single day was simply too much without any news.
Comment by
auburn2 on Aug 02, 2017 1:35pm
So the frantic orgasmic buyers at 28 cents suddenly don't want any shares at 24 cents??? People are funny.
Comment by
BrokerG on Aug 02, 2017 2:23pm
That is what happens when you have a few institutional buyers come in. They purchase their shares and sit on them for years. The day traders then see the uptick and try to cash in as well. When there is no follow through, they leave.
Comment by
BrokerG on Aug 04, 2017 9:28am
Well I must admit, eventhough this well has taken 3 months longer to stimulate, then they said back in April, at least they are giving us updates. In the past, we were lucky to hear from them more than twice a year.
Comment by
auburn2 on Aug 04, 2017 10:54am
Could be they're trying to drum up interest for an equity raise.
Comment by
BrokerG on Aug 04, 2017 11:00am
Thanks for ruining my weekend. They have a line of credit for up to $75 Million. Let's hope they would use that first. We do not need more dilution, after last year's 80 million shares
Comment by
wittmann on Aug 04, 2017 2:52pm
You sure do like bringing up negatively don't you auburn.Along with your "smart money BS lol".What happened to your MEI and why are you posting here ...and why did you stop posting on that site?I'm sure you have your reasons..however...remember your past posts here ..and you'll understand that with me at least...your posts are worthless.
Comment by
pabaloo on Aug 04, 2017 3:13pm
Wittless go back in your hole and rot we all know this company is run to pay big fat salaries and wait. May be this time will be different lol
Comment by
xmaster on Aug 04, 2017 3:53pm
so what is your strategy here? are you going to shorting this or selling what you have at this price? i have 46k shares at 41 cent average. should I hold or get out?
Comment by
pabaloo on Aug 03, 2017 12:33pm
Day traders did not see institutional buyers and jump in Broke Day traders are exactly that and the price rose all day to the close, someone wanted shares and wasn't concerned about a couple of cents. Not sure if they have better info than me but there's a reason and only the guy buying knows it