Re: Any thoughts about today low price...?
in response to
by
posted on
Jan 21, 2010 02:02PM
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Hey guys,
Well Life it could be a bunch of things. One, the market is down (probably due to the China wanting to slow down there economy a bit) and along with it most other natural gas stocks. You also have to realize that QEC has gone up substantially over the past little while just because of the whole shale thing and so a bit of a pullback was going to come. If anything, it's pretty good that stocks experience that. Also, you see big drops like this when there are no big bids on the buy side...the reason you won't see people buying into the asks is they know they can just throw in there bids at lower prices and odds are they'll get filled. The days we seem to shoot straight up what you see is ppl jumping right into the asks and getting that price up, today is that exact opposite. And the volume hasn't even hit 500K, and when you consider QEC that has 200M shares, it's a very low volume day so not a big deal.
I've been watching some BNN and it seems a lot of analysts keep betting on natural gas to go up and oil to maybe drift down a bit...so that's always good new for us.
I know it's nice to see the stock rise everyday, but that isn't going to happen everyday! You gotta battle through the ups and downs...but always remembering why you're in the stock in the first place.
Have a good day ppl!
Rocco:)