Today there was a sell-off on very heavy volume. This has a funny smell to it.
This stock sits around for months and months and suddenly it moves up on heavy volume and back down on heavy volume. On the surface, it looks like traders are "manipulating" the share price.
Of course, if the management would just get the drill results out this would all be a moot point. It would seem hard to "guide" the share price if we had concrete results.
The longer we gets no news, the more subject we are to price manipulation.
JMHO
- panamax