Worthington Energy, Inc. (fka WGASQ)

[bigfish1972]

One thing to keep in mind when you wonder why we aren't moving up any faster than we are: Take a look at the year-to-date chart for WGAS, and imagine all of the bagholders (me being one of them) still there, waiting to sell. All of them have different degrees of loss that they are willing to accept. Some are just whacking the bid to get out, while others are putting their shares for sale on the offer near resistance. It's going to take some time to clear out all of the baggies here. That, combined with financiers like Asher hammering the bid every so often makes for somewhat of a steep climb. WGAS has been good recently at putting out PRs, but most of the recent ones have been kinda fluffy. I think it's going to take a PR saying that oil is flowing to get the volume back in this stock and really get it going.

As for me, my sell target is a long ways away! I'll start thinking about it at around .10...but really and truly I'll probably hold for much more!