Post by
Duxing on May 15, 2014 1:59pm
10million acquired under .23 cents driving the stock low
This is very common. As long as no further news released, those who got the stock under .23 will keep driving the stock price down and more people will get involved because of panic and speculation.
Comment by
Duxing on May 15, 2014 2:36pm
However, if you look at McKay production rate from the current presentation, production in feb and mar is the best historically due to ICD installation: 400bpd higher than nov and dec. I did not see why the stock price being driven so low like this, and it should at least stay around .27 prior to mar 31 news release.
Comment by
Junit290 on May 15, 2014 2:47pm
Who/where did you find 10million shares under .23 cents? That today?
Comment by
Duxing on May 15, 2014 2:55pm
Are u new to stp? Trading value was near 9million May 8 under.23.
Comment by
Junit290 on May 15, 2014 3:00pm
Not new at all actually, it would have helped if you were clear about when and what specifically you were talking about is all. We all know there are several markets to pick up shares from and when you put such a broad statement out there it tends to confuse people. Myself being one of them.
Comment by
Duxing on May 15, 2014 9:15pm
To avoid your misunderstanding me, short guys in my posting means day traders vs long holders not the guys short the stock.