Speaking with my traders hat on here
dont be fooled by the market depth
on this stock ,most serious players
never disclose their hand without a reason
I know for a fact it has been hard to get
decent lines of stock even on their intra day
low of 96c only 529k shares traded hands
which was a bit of concern on a technical
point of view.
Would have like to seen a 'capitulation'
where the volume was a lot higher
Most of the serious T/A guys would have aready bailed
( these are the guys OMR that are easily spooked by wild swings )
Now we have a bit of a wild bull market in the energy sector & as much as I like ( & own OSH, WPL) I see little
value in owning more ,while any future drlling success
from PSA will be rewarded cos the market has a full
understanding of their weak points.
Anyway there is a lot of hot money out there at the moment & some of it is gong to come PSA way
so I would be getting prepared for some wild swings
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