The last trade, today's only 'Sell' has caused the Ask to rise to 3.0p Can anyone explain please?
can only buy 50K now for 2.92, however i can sell 200K for 2.55. not short yet, but these are the normal first signs. Indicators pointing to further rises soon.
It doesn't take much buying to start the ball rolling with this share. Limited number of shares available.
RE: oil rising
Think we will see good rises on the best run canadian oilers like edge, however the less profitable ones may find funding very difficult indeed. What we have seen in the past is general rises and falls along with crude prices, instead of more company specific ones. seems others also share this sentiment with 250k buys this morning already, when the oversold stock gets snapped up. next thing we will see is stock availability starting to run short, as dont often have that much in free float.
RE: oil rising
hopefully will see a rise soon ... depressing to see the shares this low esp with brad at the helm hopefully we will get out of this a stronger company. have just topped up a little amount (against her in doors advice lol ) and will prob do again on pay day
Just one buy today. http://www.isdx.com/forcompanies/ourcompanies/companydetail/default.aspx?securityid=1812685 Crude oil rises nearly 4%, signs are that Russia and Saudi may act together and force oil price up, as they are the biggest suppliers and are causing the USA drilling campaign to grind to a halt, with the banks unwilling to lend again in case price again plummets.This may think they have won in their efforts to curb USA drilling. Certainly the rig count bears that out. Here are edge at a bargain price, wont be long before the price rises oilers are seeing filters through.
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