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Re: wolf2802 post# 14361

Thursday, 05/29/2008 4:24:25 PM

Thursday, May 29, 2008 4:24:25 PM

Post# of 33129
"it not rocket science that news is coming" It isn't a cinch, either. When the music dies, it dies suddenly. Ask those here who waited for the next press release after April 30, 2007.

"i am guessing it will take striking oil in Kern ... or eberle connection with a strong flow rate ... for this thing to break a penny." I don't think it would take that much. It already hit .008 on no meaningful news at all. But don't worry: Neither of those two things is going to happen.

"what does the L2 look like?" Qualitatively speaking, it looks like a lot of selling, with occasional spurts of buying which the market makers accommodate by raising the offer (but not, usually, the bid). Quantitatively, it looks like .005/.006, either a 20% markup or a 17% markdown, take your pick.