I think the entire trading of this company over the past 2.5 months has been comical - doubling in price on nearly no news. Quite clearly there has been a plan to get the share price up to the 12.5c. I'm not convinced there is going to be a lot of interest in getting it up much higher atm.
The trading is not just Comsecers and Etraders, it surely must have been some of SEH's "sponsors" - Argo and Patterson's. I reckon SEH management and their sponsors are trying to "sell" the oppies as we speak.
Unfortunately, when more news gets released, and surely SEH management have got some idea regarding fraccing, wireline logging and drill results on their countless wells over the past few months, it will probably encourage some selling from the people who have bought from the 6's.
Wouldn't surprise me if drilling news gets released to the market after news regarding the oppies has been given. I'm sure other people know a lot more about drilling progress/results than what the average shareholder does.
I'm holding for the long haul to 30c+ (in 3yrs when SEH is producing), but I'm laughing at the short term games over the past couple of months.
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