Monday, May 09, 2011 4:06:59 PM
this could be taken either way........#1 .Nobody wants to buy this or can't...even at this supposedly low price if 3.4tcf is true.....or #2 the <small> shareholders holding this position refuse to sell for anything less than a profit.....
ex:
looks like theres a sell order other than a market maker lingering at 8 cents. That means we are holding tight for open sell orders at 8 cents or above.
I think the latter should be true.......Even FEP has ridiculous low volume...<Aim restrictions dont help as well as the tax codes there>..they simply dont know how to profit from sc72 and theres not enough exposure for it in the INVESTMENT COMMUNITY........i see coverage on some philipino energy news but thats about it.
These stocks can definitly rocket skyward and return 1000% rather shortly , when and IF they anounce all the positives we keep hearing about. I can see this, possibly, gapping up at 25 cents on news day.
This theory only holds right if there is some valid reason Philex itself isnt buying shares in the open market.......on the surface you can argue the lack of buying is due to Philex knowing that theres not much there........but there is a good chance on the flip side that they might be restricted from buying shares now until they anounce the report...to avoid being charged with a form of insider trading...........Dont really know for sure.i can only hope the latter is true....It looks like most of us have filled our coffers with the maximum amount of fecof shares since nobody added today....we really need new investors.and a STRONG MARKETING campaign if they do anounce news of 3TCF in a SERVICE CONTRACT ready to go......It will get even more coverage if shell or chevron picks up the partnership and pastes it on its news websites.
glta
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