North West Oil Group, Inc. (NWOL): Who's the lead -er of this stock lost ca...

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js49886

Re: runningAllDry post# 35783

Tuesday, 08/14/2007 5:32:54 PM

Tuesday, August 14, 2007 5:32:54 PM

Who's the lead -er of this stock lost cash for you and me?
M-A-L--Y-S-H--E-----V

Just kidding, We closed down almost 2%... if the panic stops it may recover some.

http://stockcharts.com/c-sc/sc?s=NWOG&p=D&b=5&g=0&i=t86232710725&r=8341

Outside the lower band on BB. Either the price is going to correct itself to within the bands or, the band will adjust down to the price.

We're oversold on both the RSI & Full Sto... look at past trends on that chart where we've been oversold, & where it corrected. Same with BBs.

When everyone just tries selling this at the bid its going to continue to drive the price down. As the best bid prices are taken out the bid will keep dropping to next highest, & as selling at the bid continues it will drop to the next highest...& so on.... thats whats happening right now. Everyone is getting scared & using market orders or selling at the bid with limit orders & jumping on the band wagon.

Eventually we're going to run out of sellers & this will reverse (when buyers are desperate to have the stock & buy at the ask).... I saw this a little bid towards the end of the day, today..

The opposite happens when people keep buying at the ask, & taking out the lowest ask price....as the different ask prices are taken out they move to the next highest, & so on. Thats what we need right now... to get it we need good news & the selling at the bid to stop.

LONG LIVE LONGS!!!