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Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

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Message: Re: Guessing

Oct 07, 2008 08:49AM

Oct 07, 2008 11:14AM

Oct 07, 2008 11:37AM
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Oct 07, 2008 11:54AM
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Oct 07, 2008 12:05PM


BRIAN:

Well put...One thing that many people have to remember is this.

There are many LONGS, especially private investors who bought shares well below $2...in fact some around .25 cents. As the economy tanks many of these guys are probably moving to a cash postion to ride out the storm. SO the shorts will have no problem driving the SP down and covering as long as there are still investors that can sell at these low prices and still turn a profit.

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