EGO 0.00% 12.0¢ empire oil & gas nl

His greatest delusion was to magically expect institutional...

  1. 5,224 Posts.
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    His greatest delusion was to magically expect institutional support in a sector where there is none. Even BHP has fallen 50% this year alone.

    In the absence of sector support the pre-consolidation market dynamics were perfect for at least supporting the stock from sustained value erosion and possibly getting some trader interest on good results. A push towards 1 was definitely in play. Just looking we now have 4mil to sell at 4.7.

    All I can say is the results will have to be fantastic to sustain the stock now.



    With the traders now gone
 
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