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Re: fratboy72 post# 13659

Wednesday, 08/30/2006 12:28:01 PM

Wednesday, August 30, 2006 12:28:01 PM

Post# of 35788
they will have to move the ask up soon to get shares. They are certainly not getting enough on the bid side otherwise we would have fallen to .026 (yesterdays gap to .03). I think later today they will raise the ask to get more volume and to buy more shares but if the stock suddenly decides to panic sell off or flippers gain control they will bring it down to the gap .024 - .026 and consolidate again. Nothing new here. Just buy and hold. Don't play this stock when news is so close. The East Texas LOI if announced as the entire package will propel the price at least 150% in one day, IMO. Then we have the wells on Grimes 3-4 to hear about and lots of other stuff that you know has been held back due to the LOI quiet period. Selling now is foolish IMO. You will be chasing it later. My freinds have lowered their buy point to .038 now because they don't want to chase it when it finally breaks out. Their short term target is .25.