"That kind of control keeps investors from jumping 'out the window'". Yeah, unfortunately it has been weak handed longs jumping out the windows, and NOT shorts, over the last two years as the price cratered from $17 to mid-$5's and then of course the last 3 months got a few more jumpin.
Since certain folks on the other board are saying that TIV should start seeing "results" (assuming its positive with a lot of oil flowing) from the water flood program in July, I sure hope we don't have to wait that long, or likely longer, before we get a "significant" PR. If that be the case, I would suspect we'll see much more price erosion caused by tenacious, aggressive and well funded shorts combined with disenchanted Big Buyers, even when the pps is a great bargain (right now?). It sure seems this combination (strong shorts + disenchanted big buyers) favors the shorts (i.e. pps drop), or at least it sure has significantly, since last December.
Looks like another tired old legless runner trying so hard to crawl up hill in early trading, while a few steps ahead are those strong shorts just waiting to kick "it" downhill, past the starting line. Same ole same ole. The only difference over the last few weeks is now the legless runner is crawling less uphill (getting tired?) and the shorts are kicking them back earlier and further past the starting line (getting stronger?). And thats not the direction I thought we were headed a couple months ago.
Geo
AI
