Trader make money by pushing the stock as low as they can in a weak market.
Now, the Greece issue is resolved, we are waiting to see how the release of the IEA reserve would affect the oil price in the next couple of weeks. once that's stablished, oil price should consolidate into a support range. Some predicted b/w $89 to $96 in the short term. Once, the global economy is picking up in speed, oil price will move north.
I don't think Roc management has much crediability. If they are an oil exploration company, they should be confortable with a level of risk. Sure, the BMG investment and failed exploration drove the company share price down, so what, we all make mistake or judegement, bad luck, get over it. Now, this is the time to intelligently use the company's strong cash flow position to buy asset, put more money into exploration, do something to growth share holder value. Roc only has a few years of oil reserver, why are they spending the extra cash buying their own share, what for?
- Forums
- ASX - By Stock
- ROC
- shorters love to play with this stock
shorters love to play with this stock, page-3
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ROC (ASX) to my watchlist
(20min delay)
|
|||||
Last
9.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $10.46M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 2273 | 9.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.0¢ | 14042 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 2273 | 0.095 |
1 | 100000 | 0.093 |
1 | 35000 | 0.092 |
1 | 100000 | 0.090 |
1 | 100000 | 0.080 |
Price($) | Vol. | No. |
---|---|---|
0.110 | 14042 | 1 |
0.115 | 73131 | 3 |
0.135 | 29500 | 1 |
0.140 | 21869 | 1 |
0.150 | 62500 | 1 |
Last trade - 16.12pm 08/11/2024 (20 minute delay) ? |
Featured News
ROC (ASX) Chart |
Day chart unavailable
The Watchlist
EQN
EQUINOX RESOURCES LIMITED.
Zac Komur, MD & CEO
Zac Komur
MD & CEO
SPONSORED BY The Market Online