ELK 0.00% 1.4¢ elk petroleum limited

can someone please explain, page-12

  1. 1,295 Posts.
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    I think a lot a t+3 daytraders where buying this up in anticipation of a spike on announcement. When it was obvious there would be no spike today they couldn't get out fast enough. Pity management didn't have a JV/Co2 announcement a few hours after coming out of trading halt, that would have really thrown the cat amongst the pidgeons.
    Anyway I think this will be a good stock, just a matter of time and after today we probably won't see the daytraders playing with it to much, at least until we have indications of a JV/CO2 announcement, IMO.
 
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