Started out the week at $1.60 and ended up falling in price everyday for five straight days of losses.
Volume fell off during the week and finally picked up on Friday for a total of about 3.1 million shares for the week.
The week saw constant selling by a seller or sellers everytime a price was cleared in large blocks 25,000, 50,000, 100,000 and even 200,000 share blocks at a time.
Was Friday an indication that the selling was done or is there more to come next week?
Over the past three months, while ROC has sunk, HDR has zoomed ahead beating ROC's performance by over 40%.
Despite good news during the week ROC which included spudding of the long awaited Bravo-1 and a farm-out which resulted in basically ROC recouping the cost of the well and a little extra, the stock sunk like a rock.
Finally, what will the results of Bravo-1 be? Pioneer of the US has put down about a $13 million be that they will be good......
ROC Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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