Also, a drop of the magnitude we have seen Jan 1st is unprecedented in this stock since the huge drop in 2008- and I owned this then too, for your information. It took 6 years for it to recover from that drop-
I'm not calling it manipulation- I'm saying that their constant sale of shares is pulling the stock down- volumes have been higher than normal- yesterday was almost twice normal- do you think someone is shorting this? Not sure how often the shorting statistics are updated-
Please fill me in-
I have too- but I am beginning to get concerned- in order for this constant stream of shares to be coming forward, the only people out there that have the volume available to sell have to be the owner, or primary investors- for them to continue to drive the price down like this is concerning-
I hope its not Walt selling- the stock has some pretty erratic charts going- time for the company to start doing something to manage the stock price, if they want to attract investors- this up and down every qtr. is getting old-
Saw this- "
*Energy Transfer Says Lawyers Unable To Deliver Tax Option On Merger With WIlliams Co"
I think you are implying more experience in this type of transaction than you likely have- I never heard of a seller unloading all the shares in a 2 day span-usually they feed them in in a measured way, and it is particularly an issue with such a small trading volume- ANY ACTIVITY THAT DRIVES A STOCK DOWN 18% IN A DAY IS A BIG F__ING DEAL- MAYBE YOU DON'T HAVE MUCH OF A POSITION HERE- I DO.
bjr- you are wrong on that- a 1/2 a million in stock coming out of a small cap CAN cause a huge drop- it triggers all kinds of #$%^&. And as this being to cover taxes, 1/2 a mill is alot of taxes-
My point is, he has done alot of work to build this company and grow its value- this current drop took a year of growth in the stock price off-
Has the Board of Directors done a one year chart on the stock price? Oil is down, so they should be very bust refining- but instead, they maintain the refineries so poorly that when they get a "chance of a lifetime"- they blow it-
You may be right- but isn't planning the downtime and MANTAINING THE F__ing refineries a sign of a responsible management??