Classic end of day...
...manipulation!
<sarcasm>Looking forward to another dose tomorrow!</sarcasm>
Hang in there LONGS, this is the same roller coaster we have seen many times before. It's just scarier because we are riding on 3 wheels and 39 of the 100 2x4's have cracked in the hairpin turn ahead.
But, we are now sitting on multiple days that CM, MD and Dave McMullin have been meeting and discussing next steps. Since we know the majority of the pps decline is manipulation, you have to be hopeful that the MM's simply drove down the pps to cover their shorts.
I talked to the Bill Chippas for quite some time this morning. He doesn't know the company inside and out, but said as long as they can get and hold .004 (last years close), they will be OK. He also said this was very unlikely, in his opinion, to go bankrupt given the assets they own. He thinks with commodity prices as they are, CPRK would get purchased before any bankruptcy would be filed.
His research guy had a call into Dave McMullin. Not sure if he was returning a call or what. Let's hope that a couple days from now, we get the same wave of PR's we got in September.
