gsp jupiter under tow., page-9

Tradersurfer, I put it down to the recent options underwriting.

The broker who took this up was underwater from day 1 and I think whatever path they have taken to get rid of the overhang it has resulted in relentless selling. In the end this selling has killed any speculative interest from traders.

I agree with you - the lack of trading interest in advance of drilling is unusual. But it has been that way with JKA for a lot of weeks now and it is hard to see it changing.

I think traders have already taken the view that they might as well sell now if they are not wanting to hold on for the drill result.

For those holding on, like me, it is making the decision to see out the result. In my opinion we are testing a known reservoir so we will at least see 'oil shows'. This may provide a spark to the stock. However at the end of the day, it will be the production test that dictates the shortm term future for JKA.

gosouth