GulfSlope Energy Inc (GSPE)

[necrow]

Impacto: with all due respect, I think this is a pretty dangerous thing to say. We have no idea if shorts are going to push this stock lower over the coming days or even weeks. I would certainly expect a jump once they announce spudding on Canoe, and a large jump if Canoe is proclaimed viable once results are interpreted.

I don't really understand anyone approaching this company from a technical analysis standpoint. It's incredibly fascinating and I certainly hope things align to provide a higher share price in the short-term--that would be very helpful in terms of attracting investors and raising capital. But the macro forces on this company's share price are going to absolutely dominate any sort of technical analysis in the next month or two alone. It doesn't matter that investor sentiment is changing now if Canoe and Tau are busts and Delek pulls out. I guess my point is that I'm certainly interested in the changes from a technical analysis standpoint, but it's a pretty ridiculous reason to make a decision to purchase the stock or not at this point. This company is such a long-term play (with what is essentially a binary outcome) that the short-term swings seem frivolous. Cost-average down in these swings, but don't read into it too much--it's likely just traders shorting, driving the price down, and making a quick buck on the volatility