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Royale Energy Inc. Message Board

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  • jockne40 jockne40 Jun 13, 2008 4:01 PM Flag

    the pps is ALL OVER THE PLACE!!!!

    yeah noticed they would push it down with no volume and then buy up with big blocks on buy side

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    • Hope this helps

      Market Edge Research has placed a "buy" recommendation on ROYL at $9.19 and states: "price momentum is very strong and the stock has outperformed the market when compared to the S&P 500. As a result of these factors, price appreciation should continue over the near term".

      It does acknowledge that the company has some weak fundamentals that will need to improve, but the projected increases in cash flow will do that over the the short/mid-term. It further states that the stock is being accumulated by larger investors.

      Expect this stock to start trading in the mid 9s by mid-day noon. My guess is after the announcement (maybe before) you will see this price easily reach a 52 week high.

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