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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: Still Waiting

Jurek

Congrats on your flip...You posted 11.45 that most volume was Cannacord was this also the case for the activity between around 13.30 to 14.45? SP pushed up to $1.51 just before 10 am stayed there till around 13.30 spike to $1.63 then closed back down to that $1.51.. Was most of the $1.63 activity done by institutions? Cause it looks like a slick move to me.Move it up 7 cents on open and let it trade around that level for a few hours to get retailers thinking breakout hoping to get them to bite. Then move it up quickly to suck them in only to short it right down again. You got to admit that .12 cent swing was a good short opportunity. ( i believe the term is a whipsaw). Someone made a killing today shorting it down and a crapload of people are pissed they got sucked in high only to lose by close.

Friday will be interesting could go up with people hoping $1.63 will be tested again. However just as many people got smoked today buying high and losing on the close.It'll be interesting to see how many people will be willing to take that chance again..I may take a small position with a very tight stop loss but only if it goes below $1.50

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