My question is why is the price going up so significantly on non-significant volume - volume HAS increased, but not enough to reflect the big price swing in the past few days? Your statement is true, but there has been no change in company monetary fundamentals (other than suggesting they are gonna have to throw additional money into 2 more wells). I'm just trying to rationalize recent price action vs. common sense.
I don't know if you have level 2, but I see a lot of interest at .45 cent bid. I'd hate to have 100k invested at .75 and then have it drop to .45 and linger there until Q1 or Q2 numbers come out.
This stock has tremendous potential IMO, but I'm not gonna dive in blindly with nothing more than pre-production hype to base it on. Right now I'm looking for it to break 85 cents and close above it. The things I do like, however, are the upsloping 50 and 200 day MA., and the company looks like they know what they are trying to accomplish.
I've learned the hard way that an ounce of prevention is worth a pound of cleverness. Even if this thing opens at $4 buck per share tomorrow I won't be upset....disappointed that I missed it, but not upset.
I'll be watching this like a hawk.
Cheers
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