Trading that has been going on, not only on this stock has been...

Trading that has been going on, not only on this stock has been absolutely laughable, this is such an over-reaction if I've ever seen one.

Next support i can see is .56c then .51c, could be some more down side yet.

Oil is currently being talked down by the media so much, talk of prices going into the $60's and possibly to where they hit last last GFC mid $40's, this i think is one of the major factors contributing to the massive sell off in the energy sector, for me the reasons to be bullish on oil (especially at current prices) far out way the reasons to be bearish. The middle east conflicts being a major factor - Turkey/Syria - Iran/Israel/US - Egypt. Euro Iranian oil embargo comes into effect 1/7/12, any talk on conflict/disruptions there will make the POO rocket. Also this lower POO is like a bit of stimulus for the world economy, more disposable income + companies profits rise.

Trading at the OTC last night was odd -