PetroFrontier Corp (PFC)

[JB3729]

Welcome aboard doug!

Indications are real good that PFC will flow oil. If that happens, we should see a lot of upside.

The 500,000 share ask at .72 is puzzling. If somebody really wanted to sell that much, they wouldn't put it all out there at once and scare the buyers away.

I'd call Fidelity trading and ask for their thoughts, but, I already know, from past calls, they'd tell me they can't give an opinion or tell me what they think is happening.

I think a Market Maker has a large short position he wants to cover. The phoney 500,000 ask has capped the share price upside at .72. When a shareholder enters a sell at .72, the MM buys to cover his shorts. When a buy is placed at .72, the MM adds these shares to his short position. I've noticed that a lot of shares traded at .72 today and the 500,000 share ask remained the same.

The MM logic would be that the huge ask will cause more selling than buying. In the unlikely event that there is more buying than selling, the MM would pull the phoney ask. Also, Company news could force the MM to pull the huge ask.

All IMO, of course.

I wouldn't be surprised if I'm wrong.

JB