Trading of EEGC:
The stock price of this company is controlled by the traders, (Market Makers). Its based on the law of supply and demand and their need to trade the stock to make money.
Demand is created when good news motivates buyers to accumulate shares. The reverse of that is no news hence patience disappears and sell takes place. There is another condition when nothing happens. This is the time that Market Makers change the bid and asked price to stimulate interest. In a slow market the will drop the price in an attempt to attract sellers and by dropping the price they also attract bargain hunters.
All of the above is to make you aware that this has nothing to do with the company. When the news everybody is looking for, (hitting a gusher), the stock will fly because it proves several things.
1- A source of revenue for a product that is in high demand
2- It proves there is oil there
3- Interest by major oil companies that are following the operations of the company.
Now realize this: This is a long term investment if you are interested in making big money. It will take many years to drain the pools of oil dry. If you want to make a fast buck in this stock it can be done but you have to be a sharp trader and know the timing. I, myself, have never been good at timing and thats why I buy and hold knowing in my own mind that sooner or later the stock will perform as I expected.
Also realize that until the first well comes in it is a big risk.
From what I have seen the risk is worth it, but that's just me.
