Stan, please clarify what this high trading volume says to you. Do you think institutional buyers are taking a position? Is WRES on the radar with day traders that weren't around before? Who is selling all those shares and why? How can so many shares be bought and sold without moving the stock price either up or down? I've been wondering how to interpret the high volume for few days now. Thanks in advance.
Lucy...Look back to June 27 28 and take a look at the volume and more important both the Williams % and RSI as the stock was over sold both then and now...I just felt that after such great earnings and then the pullback that both the fundamentals and technicals made this a perfect buy for a bounce...WRES is a trading stock IMO but I have held it for longer periods in the past if the chart does not break down...Good luck Lucy
:) got AXAS at sub $3....only have half of what I want on WRES....had an order to get the rest at $2.93..yesterday but never got filled...love the stats on WRES...actually pretty good for a small E&P. Still hoping to get more a little cheaper...but 1/2 a position is better than none. GLTA