I think we have a good old fashioned stand-off.
On the buy side 2c is solid, but that is the sophisticated entrance price so move the order to 2.1 and it'll be gone quicker than you can hang up the phone. The problem with that is its killed the confidence of anyone watching the stock to buy higher. Why take out 2.4c stock when you know someone is willing to drop 2.1c stock given the chance.
People are scared to buy and sellers are primed to drop.
How can it go higher under these conditions.
You'd have thought todays news would have exceeded anyones expectation with a gas reserviour over 500 meters and still going... they were looking for 200 - 300m???
Now we will wait for Frac and keep our fingers crossed.
WHAT AN ABSOLUTE SHAMOZAL!!!
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I think we have a good old fashioned stand-off.On the buy side...
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