lack of news keeps downtrend in place., page-4

I would agree that the lack of news is not responsible for the down trend, thats just traders following the momentum which is what drives most of the market trading. BUL isnt worth a pinch right now as they have no tangible results to show for their hard work unfortunately. Its hard to find a floor for them because of this.

So the outcome is, in advance you bet that they have a competent team and are sitting on prospective acreage and will deliver, or, you wait for a confirmation of results but then have to fight everyone else off to get onboard.

The logistics of the current situation must be killing them.

Cheers,

SF