Obviously someone is dumping stock TODAY perhaps out of frustration. However since its still at least a week away as to Abiod penetration, its still a safe time zone to short, down the stock and still buy back. Remember there are 290 million shares so today wheeling represent about 1/2 % of total stocks ONLY. Apparently so easily to manipulate when there are NO really big aggressive buyers, only bargain hunters.
On a brighter note - the OIL is there ....how many productive wells now in the Gulf of Hamammet?? I count at least 6 or more.`
And of course so many unexplored areas also. Still primed for many future finds. Perhaps eventually billions of barrels to be drained out but for now each new discovery only builds more and more interest in this offshore region. And certainly will bring a nice rebound if even OIL whispers are release in early JUNE. Not long now so dont panic, its taken almost 3 years to get here NOW. So 10 more days all will at least be in final OIL proclamation mode.
JKA Price at posting:
10.2¢ Sentiment: Buy Disclosure: Held