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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: RG bought 20.000 shares in April

Apr 26, 2011 02:17PM

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Apr 29, 2011 01:36AM

Brian,

Going on the offensive just because you did not like my answer to you question?

Kill the messenger...no, this is not like you Brian.

Any way, I am on the good mood, the swell after the bone grafting operating is going down quickly and I can start playing tennis next week. So, I will not return you a favour and honestly address your question.

The extra funds I received from selling 1/2 position in SCS petroleum (which went up 27% last Friday) I used to reestablish the position in the CLL on April 26 at $1.33

The decision was based on the technicals only. As per my previous post CLL RSI was at 20% suggesting strong oversold condition (not many sellers left at this level).

In addition the build up of the Pressure Zone on the Panic Zone chart suggested that we are in the short term bottom. I am prepare to start selling at $ 1.42 and for sure at $1.56. All depends on the strength of the move. . Also I will sell at $1.33 if the run up you promise as to expect soon will not materialize.

No more, no less and no hidden agenda. All proceeds(if any) goes to cover my dental expenses.

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