Another huge sale of AZZ here in the states this morning. So far, 3.5 million shares have traded @ .43 & .42. Glad I sold Tuesday, as this looks like it may head to the .30 area.
This could be a bad time for all the small oilers-- we have huge oversupply of gasoline here in States, and regardless of the crap that comes out of Washington, the economy is still doing very poorly. Oil could be headed down into the $80's. Of course, you never know what will happen in the volatile regions of the world.
I'll monitor AZZ, and perhaps look to get back in at lower prices. Just don't like their management.
AZZ Price at posting:
39.5¢ Sentiment: Sell Disclosure: Not Held
