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Hedge Starz

04/12/12 11:09 AM

#37670 RE: RichieRich1 #37669

not sure how that was profit taking. i think it is MMs just shaking things up or someone from momo still has shares to dump. sellers over past 2 days weren't buying much lower than .023.....

selling needs to end.
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qriver9

04/12/12 11:44 AM

#37675 RE: RichieRich1 #37669

I agree with you lol !!

I think the company is the seller to raise cash.. Every share the company sells is 100 % profit for the company.

If the company sells 500 million shares at an average of 3 cents per share, that is a COOL $ 15 Million.. Easy Money for the company.. LHPT/WRNW have done this twice before.. To me it looks like a repeat performance.. Probably much harder to make $15 million of pure profit by pumping oil.
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onemaninnj

04/12/12 11:47 AM

#37677 RE: RichieRich1 #37669

I thnk what is important right now is the trend, not day to day trading. I would worry if after a few more weeks we are trending down or flat, but I imo do not think that will be the case