Those who don't see profit taking, where have u been?
In the last 12 mos a double has occurred. Now that took some buying, and those long term from the lows around 1.60-1.80+ are simply taking some risk off the table. Only prudent business.
This is not profit taking.. Profit takers sell up, not down.. We will know in a few days what it is...there is something about the sale that is not known yet to shareholders..someone read the cards and the hand was not good..this will recover, after xmas.. To excuse this to profit taking could be costly..Action tomorrow and rest of week will be interesting..This action started Friday mid day..
the drops are bigger than the rises. Flirting with low $3 now or less. Then it will sit there like a tird for months. This tiny oil company will have to work real hard to make 1/4 profits and balance their sheets if they ever want to paly with the big leaguers and grab serious investors. it has been down under $5 for what seems like an eternity. !