CGX Energy Inc V.OYL

Volume

[taal]

I can't make heads or tails out of why the volume has picked up so much in the last several weeks..What I dont understand is with almost half a million shares traded daily ...Who is selling at these prices.???Where are all these shares coming from...Im sure the majority of minority shareholders are longterm and my guess is that they would Not be selling down here after what we have all been through the last 5..10..15 years...
Thoughts???

[waitingstill]

I think the question really is "who is buying all these shares"?! Surely not retail at 50-67%of it is thru Anon so definitely not retail. I would not be nearly as inquisitive if the SP was slowly climbing with this massive increase in volume (for CGX) but we are slowly sinking. That I don't like but can't figure out how anyone is making this happen. If someone trying to get out

[Frank007]

It's a shake out....same as frontera ...the volume,trading activity....spread ...says every thing.......ther has been some ncib buying every day ...so think about why they want the shares down ...to shake you out and increase the value per share for them ...you should be buying ...as I am ..I picked up a sh.t load today at 28 cents .......I have sold some fec ...but at a higher price

[Dell1]

I think someone is shorting and a few investors are panicking seeing the continuous downtrend. Not pleasant to watch this.

[Frank007]

Shorting ...lol no this is a classic shake out ...they push the share price down ...then raise it up a bit and push it down again .over and over ...you should get the point ...if you are a trader like me and recognize the b s ....you can make something trades ....not ...worth much but ...this the game ...lol

[westcanpride]

Back in February, CGX closed at .27 cad and for one brief moment touched .265 cad. Sure looks like the money managers want to redo the same trading pattern. I just hope Cgx doesent fall below this floor, otherwise a crash to .20 cad could happen as well.  Truly beyond embarrassing how badly both Cgx and fec have screwed things up. The fact the government allows this pathetic joke to