What bothers me is that once the buyers chew through this 12 million, there is another 41 million to go! This could take a few more days yet.
This stock has a good story and potential, but has come further in percentage terms that OPL. I think it is getting more day trader attention. If the confidence dissolves and they move on, a rough patch until some real drilling results in a week or so.
Also, the directors have not been doing great things to the shareholders with the placements - makes me wary of the story. I am out for now and waiting to see if I can get back in cheaply over the next week.
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