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Royale Energy Inc. Message Board

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  • balegoba1966 balegoba1966 Apr 13, 2006 12:47 PM Flag

    Super Royl News :)

    The volume prior to the announcement vs. today's lackluster response indicates that the news was known beforehand. Maybe somebody working the rig tipped off his broker. So now there's a big overhang of shares waiting to get out and no pop to sell into.

    That's a California well, where we can presume news leaks easily. Maybe a Utah well, where the population is sparse, won't get known beforehand.

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    • I think you are correct, for this stock to move like it did and I couldnt find any news prior to the PR, there was a leak somehow and somebody made a quick buck! Like the say, buy on the "rumor", sell on the news, I never heared the rumor and pulled my buy I had placed last eve, there will be a lower entyry point.
      Did you read the BEXP news about the 125 million sale of notes? (ROYL has working interest with/in them)
      Good trading,

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