STX 0.00% 23.0¢ strike energy limited

Pennynut, the non urgent selling could be for any numerous...

  1. 7,809 Posts.
    Pennynut, the non urgent selling could be for any numerous reasons .
    -The market is down and someone wants their money,
    -The seller is a trader who expected a more sustained run on the back of great news,
    -The seller is a profit taker from the recent correction dip,
    -The seller may expect a cap raising,
    -The seller may be following other sellers in paranoia,
    -Stop levels may be met,
    etc

    Anyway, people realy can't be too freaked out because STX is doing a damn lot better than many other oilers lately that may have halved or worse - it may not be running but it is still trading in the same range as it has for years .

    Volumes are very low .
    Next week and for weeks to come we will get news of Rayburn wells and reserves . If the scales are tipped by good news on par with Duncan1, I suspect the shareprice will make a sustained break through 30 cents and not come back . I am accumulating as funds emerge . I am envious that some of you STX holders may have substantial holdings now and will do very well sometime soon - definately well before mid year revenue surge, imo .
 
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