wow..........seeing this trade at 2 cents after the fact that they finished the seismic is disheartening.......maybe its part of the ploy to shake out weak hands..i dont think it cost the market maker much to bring the stock down to this level....maybe a total of 20 grand on his part to bring it from 4 to 2 cents.....<i'll explain later>..this way he can start buying in bulk on the way up if they ever do announce any good news.
I thought i got a good deal at .0261 a couple of days ago........and i have healthy doubts more than anyone on this board and i still added......i wonder whats holding you guys back?
anyways.....I had seen my order of 65,000 shares at .0261 two days ago<i know its chumpchange> get partially executed....I still had 20,500 left and should be next in line to get executed at the same price......and i saw the volume move another 150,000 shares at that price and my order was not executed........the next day...at the same price they still werent closing out my open partial order and volume was still moving..only when the price dropped to .025 did they finally execute it.
This reminds me how sometimes they do "so called" in house transactions within the brokerage <market maker> and therefore can skip your turn in execution....this also means they can manipulate the volume somewhat.....and when they buy 100,000 shares from a buyer and then sell the same100,000 shares to a seller the volume reflects as 200,000.
Good luck to all............They should be releasing that info soon even if China is still playing the bully. I dont expect it to move up much when that info verifies the 3.5.....info of a partner and continuing to drill will move it much higher but i dont know if they will get to that without knowing for sure the chinese wont attack the vessel or the well in an agreement.
