Arete Industries (ARET)

[MSEED]

Smart owner would not PR till mon.
IF Pr'd friday would be waste of time and short term pop then sell off from day traders without real chance for investors to absorb and for momentum to build thru week. Plus, I doubt the principals of ARET said for sure they would release 10Q friday.

Co. has till tuesday effec. to file 10Q. Most importantly is chart technicals. Strong CMF, Williams % and accum very strong; PPS staying above specific support MA levels. IMHO, there is a reason why the pps popped thursday big time without news. MM's scrambling to cover, likely shorts. Started large rally with some important news pending that will send pps much higher with 10Q release.

Plus, CEO already commented to other posters that the 10Q would be very positive. Hopefully get specifics on merger in 10Q; estimates are millions in oil revenue. And even if just mention of pending merger, hope to see 10Q will show what this company has been doing strong!
Time for an early morning run before it gets too hot. Hope it's cool where you are located.

Best Regards to you, and go ARET!!!!!

Not a buy or sell recommendation.