dont be fooled by the market depth on this stock ,most serious players never disclose their hand without a reason
I know for a fact it has been hard to get decent lines of stock even on their intra day low of 96c only 529k shares traded hands which was a bit of concern on a technical point of view.
Would have like to seen a 'capitulation' where the volume was a lot higher
Most of the serious T/A guys would have aready bailed ( these are the guys OMR that are easily spooked by wild swings )
Now we have a bit of a wild bull market in the energy sector & as much as I like ( & own OSH, WPL) I see little value in owning more ,while any future drlling success from PSA will be rewarded cos the market has a full understanding of their weak points.
Anyway there is a lot of hot money out there at the moment & some of it is gong to come PSA way so I would be getting prepared for some wild swings
PSA Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held