Pedevco Corp. (PED)

[PD4107]

the 200 day simple average up ? totally misleading here as the rally was mid June so ped was trading at a nickle. then went to close to 3 dollars and has fallen pretty much since. there was a small rally August to sept and that was a good swing trading time but trickling away now. So really the 180 day average looks good if you look at Ped traveling up from a nickle. but the longer it falls and the further we get from the nickle trading days the worse ped will look for a 200 SMA. we already established why the balance sheet doesn't change much from oil price it that ped doesn't pump much oil. My theory about kukes motives are to get land heavy and get ought up with out having to spend money on wells and development of properties. what is your theory?