Vero Energy Inc T.VRO

What gives?

[gghoppa]

Can anyone explain whats happening with this stock?  Nice appreciation over the last few days on big volume.  Today we plummet, on huge volume. No news that I can see.  What gives?

[filefish]

I believe the stock is trading based on information about the new well IP rates.Perhaps the latest one was not so good. Lots of large blocks early today and trading action was bad all day. The information must be privy to a few larger players. Thats my guess, maybe JJB has some other thoughts.  

[Troyahorse]

My guess is profit  taking by those ones who bought from $1.80 to $2.10? ,while pushing the price down to get ready to buy again. 74 GMP buying what others sold Also NG is down a little. just my thoughts and holding a 1/2 full truck glta    

[JohnJBond]

I agree positive well data is finding its way into the market.   The volume is high, but the number of trades is low - ie volume is from a few large blocks.   Its pretty easy to move a thinly traded share price a few percent when you are about to cross a large block.   I don't know what is going on, but I do know the use of the word "plumet" when the share price looses