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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: Friday

Re: Friday

in response to by
posted on Jun 03, 2009 08:28AM


Qwer:

Here's a link i got off dondon, been very helpful

http://www.stockta.com/cgi-bin/analy...

SP is trending downward, support levels are getting lower everyday and an extremely concerted effort is being made to take out the $1.0 resistance level.

There's no doubt that an attempt will be made to go down to the .90 offering price..The answer to your questions are you've got to decide the following.

1- Will SP get driven down to .90

2- If it does go down to .90, then will that be the new bottom or are we back down to the Mar 20 close of .61...

I've learned that the market and the company in many cases are separate animals and often travel in different directions for reasons known but to the trading gods.


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