Daybreak Oil and Gas Inc (DBRM)

[downsideup]

Mostlyhorse manure... as usual...

Particularly the bit about you "winning" any arguments...

I don't see evidence in the charts that the shares put to the market recently to "cap" the rally are consistent with any prior pattern in a history of "dumping". The numbers show there aren't enough "real" shares that exist in the market for that pattern to be continued... and the prior pattern that did exist... ended back when we discussed that it had reached a natural limit.

Of course, that doesn't mean you won't have a problem with some flamer who might find it useful to try to "simulate" that pattern... to use their own trading as a reason to diss others participation in the trade...

You generally do have to actually own shares to "dump" them...

What the charts appear to show is that someone may have done a trade that resulted in shorting shares to "cap" the recent move... apparently leaving a net short of at least 120K shares...

Otherwise, you'd need an alternative explanation for a source of shares
available to be put to the market... which "put" is what you see happening when there's a big red candle... paired with solid green in the accumulation. "Selling" that results in red candles with green in the accumulation is either shorts... or some other shares being "put" to the market... meaning either direct "dilution" occurring, or some other "new" shares sold by the company coming to the market. That might happen as a function of using shares as a form of payment in doing a financing...

I've not checked the filings here recently, to see if there are any "new" shares in the market now, perhaps originating as a fee paid in enabling a financing, that might work to make that explanation viable...

Prior patterns in distribution here showed a time series function in an obvious strategy being operated to sustain distribution... with a fairly predictable time function as an element. That trade appears its been done for a long time... and, that's pretty clearly reflected in the shift on the charts from 2 million shares in distribution as that trade wound up, to a bit over 1 million in accumulation now...

Now, both Williams %R and OBV are saying DBRM should be trading higher... while the volume weighted "fair value" is $0.09 to $0.12.

The chart dynamic is pretty clearly more favorable, now...

But, that dynamic and what the charts show now are "trading" issues... not fundamental factors...

If the company performs well fundamentally from here... there's not much of a reason in the charts, now, that it shouldn't trade higher.

If the company doesn't follow through with proof in performance that enables them in countering the recent negative trends in their cost of financing... then the shares likely won't trade a lot higher, whether the chart "allows" that or not...

DBRM hardly the only issue in the market struggling with finance, now, given the fact of the non-existence of the "easy financing" that is supposed to be made available to the market by banks... as a function of the near zero interest rates intended to enable that. DBRM and the economy will both continue to struggle as long as the ongoing failure of the financial system continues to impose the ongoing stranglehold on economic activity...

Beyond that...

Seems pretty pointless to diss the quality of what they're capable of producing, when the VALUE and PRICE they're getting for what they do produce... is quite a bit BETTER than the market price for that WTI benchmark you were suggesting was an "unreachable" value for them...