Diversified Oil and Gas Holdings (DVFI)

[Imperial Whazoo]

I certainly hope so. I bought them because my take was that the Toronto guys seem to be quite crafty and it was my guess, at the time, that I had better have a position in each entity they were entangled with. I would have bought into Hydroslotter in a heartbeat if they hadn't been private. When BIGN "apparently" sold their interest in WW, I said to myself "Great. I parked my $$ in this for a reason that proved to be ephemeral. I hate it when that happens!!". I didn't sell, of course, because I figured confirmation was needed and I figured it was not going to be possible for the MMs to drive the price down. I figured they would fail.

I like the idea BIGN is to emerge debt free but I would have preferred not to have parked my $$ in the one they ended up selling. So now that they don't appear to have bailed on WW, its good I parked it there. I actually think the wells they are promising will be getting done soon and regularly, and that value will be coming into WW.

Note the chart and look at BIGN's chart. What always seems to happen before an upmove? Its darkest before dawn... that sort of thing. It is one of the truisms of charting that often, immediately before good news, the MMs drive weak hands out by driving down price. They are greedy little buggers and they want to snatch up any crumbs before the big move. I figured that was what was happening in WW's case over the last few weeks. Look at the long tailed hammer on 12/1 (WWNG chart). All tests of the low that was rejected that day have held solid. It failed to reach lower lows every time. So, now, as of this moment, it is doing a bullish engulfing.

The question is, then, has BIGN sold anything to raise $$ or not and, if so, what have they sold?

Imperial Whazoo