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Re: doebop post# 16695

Wednesday, 10/14/2015 3:41:46 PM

Wednesday, October 14, 2015 3:41:46 PM

Post# of 50725
Doe, I do respect your opinion, but I just don't see it. To me it sounds utterly ridiculous. I don't see any signs of orchestrated manipulation today. I think there may have been a few weak attempts by individual holders over the past 2 months. If so, all they did is lose their shares.

Look at the chart over the past several months, look at daily volume recently and then look at the intraday trade volume and trade size.

Other than a small handful of trades over the past 2 months, these trades average in the 30k to 40k shares. These are only impatient flippers selling to move to some greener-popping pasture, and opportunistic flippers looking for the next pop in DNRG.

Without news attracting new buyers or invigorating existing holders to add more, the only way to go is slowly drifting downward. Of course this doesn't worry most, like you and me - the progress will be reported soon and the business will continue to develop - but each day without pps action just gets rid of more flippers and weak-handed holders. Some of these small buyers are new flips-in-the-making, but clearly some of them are "us" - existing holders taking advantage of the dips. Good for accumulation.

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