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Re: sweet crude post# 151

Tuesday, 03/27/2012 12:21:24 PM

Tuesday, March 27, 2012 12:21:24 PM

Post# of 1934
Way overdone.
Yesterday the majority of transactions were at the Ask and we still saw the Bid get hammered..........not to mention this morning.

Those sellers that sold at a buck 10 must have "free" shares......or they are desperate for a few bucks.
The volume was light so they didn't reap much......but the Bid took a real crap so someone is able to really move the Bid/Ask around.

Do you know who the few Market Makers are? Schwab does know.
They mentioned WDCO was a "participant" but, any broker who acquires shares for a buyer client becomes a "participant" and would show up on Level II (which I don't have) when their clients "reoffer" those shares for sale.........correct?

I don't like the fact our last 10Q for the third quarter show minus 12 cents per share loss.
It takes a lot of great PRs to support a stock price with a negative P/E.

We need these upcoming PRs to be good ones.............there's more 144 to come..........now that you mention it........but maybe not if the price stays down this low.
The strong hands will just hold...........which may be the ploy all along here lately.........keep the potential sellers at bay.

JMHO.

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