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Message: Re: where is the bottom?

Nov 23, 2010 11:50AM
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Nov 23, 2010 11:55AM

Nov 23, 2010 12:05PM

loool! I doubt it'll gap up $6 lol, but you know what I'm getting at...it goes both ways. Company said in an email I got that there was nothing new that could have affected the SP.

QEC has big fluctuations as we've seen. St Ed shot this thing up from $3.50 to $5 in a day...from a single well. Then as you saw the gentilly and delay, gapped it down from $2.70 to $1.80 almost a dollar, and now to today's levels.

These levels today are a complete joke. BUT, I think some investors are waiting for a confirmed bottom. We have shorters now, and they're doing a good job keep it down. While others are picking up some nice cheap shares and there is no doubt that we will be seeing new investors. I posted the reuters thing before, showing a net of 7 million new shares added last few months...institutions are getting some nice pickens here. We have a lot of shares and many many, as in tens of millions shares still being held. What the sp choses to do today is based on a select few for day trading etc...suck but that's how it is until people start to really jump back in.

There are about a million shares shorted, so if this thing were to start to move quickly we're going to see a squeeze, which will add fuel to the fire. I've gone through this too many times in the past to know different or see different. Before the next horizontals we'll be seeing $2.50 again imo.

Rocco :)


Nov 23, 2010 02:58PM

Nov 23, 2010 03:22PM
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Nov 23, 2010 03:30PM

Nov 25, 2010 04:06PM

Nov 25, 2010 05:10PM
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