guys
dont want to pop your little "I surmise" fest but:
there is little "relentless" selling, just the odd long term holder PO'd with Management, Co direction, lack of detail in the weeklies, the SP, the farce that was ARW etc etc etc.
And can you blame them, I've traded these lately (aside from my substantial core holding - yes I remember oil @ $10/bbl) and I've also sold a few over the last weeks (probably to management who have been buying) simply to free up cash for other stocks that have been punished that have a much better chance of bouncing (or being volatile enough to actually trade) in the short term.
While AMU is ridiculously cheap, oil/gas pricing is holding up, new wells are coming in etc etc ...
simply there is no new buying. Existing retail and corporate supporters are loaded to the gills and from what I can tell not interested in pushing the SP up.
The reserve statement the Co. has talked about may generate some interest but all the "my god its so cheap" talk hereabouts wont.
Whatever you guys do dont stop the commentary as a lot of it is worthwhile but also dont lose sight of the fact that unless you are in the loop your guesses are simply that.
So....Often the best way to find out whats really going on is to ask the Co.
guysdont want to pop your little "I surmise" fest but:there is...
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