AI
Tuesday, February 23, 2016 9:03:55 AM
As oil seems to be gradually rising ... I suspect it is a combination of both shorts and buyers realizing the price per share is dirt cheap ... when you get a morning like yesterday where oil was up significantly ... I'm sure it put fear into the minds of shorts and those "waiting" for a better entry price ...
No one wants to get left behind when this firmly moves up to a higher valuation (I think it should and have been stating as such for a few weeks now)
PRE-SPLIT PRICE at 3.43 is about .228 cents per share 3.43/15 = .2287
I'll say it again ... with oil moving up and stabilizing this should be at a minimum 7.50 a share which would be a pre-split price of 7.50/.15 = .50 cents .... like WTF? It was .80 just a few months ago at .80 which would be .80 x 15 = 12
So 4.00 is chump change but dammit the SOBS' keep selling it off every time it gets over 4.00
That action is starting to wear on my brain
I might have to change my strategy but not sure what that is exactly as this is a constant moving target!!
No one wants to get left behind when this firmly moves up to a higher valuation (I think it should and have been stating as such for a few weeks now)
PRE-SPLIT PRICE at 3.43 is about .228 cents per share 3.43/15 = .2287
I'll say it again ... with oil moving up and stabilizing this should be at a minimum 7.50 a share which would be a pre-split price of 7.50/.15 = .50 cents .... like WTF? It was .80 just a few months ago at .80 which would be .80 x 15 = 12
So 4.00 is chump change but dammit the SOBS' keep selling it off every time it gets over 4.00
That action is starting to wear on my brain
I might have to change my strategy but not sure what that is exactly as this is a constant moving target!!
"Diversification is a protection against ignorance. It makes very little sense for those who know what they're doing."
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
