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Abraxas Petroleum Corp. Message Board

  • darswan27 darswan27 Jan 23, 2013 2:13 PM Flag

    Market Driven Price or Machine Manipulated Price?

    All you really need to know to answer this question is a little history lesson. In the middle of June 2012 when AXAS was trading in the $3.20 range the price of oil was trading in the $81 range. Now when oil is trading in the $95 plus range the stock is trading a dollar or more lower. Welcome to the age of Machines.

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    • some fund bgi enough to be shrt 10million shares,...can do pretty much whatever they like to a small cap energy name...without an uptick rule its quite easy...ever notice how only 2 times in the last 8 months has axas been up 3 days in a row?...and when it was it had signifcant follow thru the following 4-5 days of trading....well when youre using naked shrting to push a stock down...with t+3 settlemnt....when its up 3 days in a row....they gotta cover them up and then regroup for anoither attack....see it all the time in heavily shorted small caps...and some bigger caps...especially the coal space
      its the world we live in...

1.29+0.02(+1.57%)Jul 22 4:00 PMEDT