Um... maybe I'm just autistic or something, but I don't get it. I'm mostly interested in the fundamentals too, so I'm waiting to see the flow, but if you're talking about the technicals being bearish, how will we see a price increase before we get any fundamental news? I'm not not sure what you're saying. No doubt I'm missing something and being stupid! Are you just making a joke and saying that since the technical signs are bearish we'll probably see the price go up because t/a is stupid?
Without fracking I can't see 2,000. I'd dearly love to and I'll be thrilled if you're right and I'm wrong, but I don't think it's at all realistic. 2,000 would make it an amazing monster performer, and the type of drilling here just doesn't seem to have that potential. It really looks like they're playing it conservative after stuffing the previous wells up completely, with the hope that they can get something more basic to work and perhaps get more ambitious from there (a tactic they obviously should have had in mind a couple of years ago). I'd be elated by 1,000, but I think even that is probably optimistic.
PYM Price at posting:
11.2¢ Sentiment: None Disclosure: Held
