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Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

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Message: Someones dumping shares

Re: Someones dumping shares

posted on Feb 15, 2008 03:33AM

greengas,

WHAT MAKES YOU SO SURE SHARES ARE BEING DUMPED ?

1715600 shares traded, the 3rd highest number since the meltdown..The six days prior all had trading volumes under 600k and closing SP ranged from $3.11 to $3.04

SO WHY THE LARGE VOLUME? there was no worldwide market collapse,,CLL didn't blow up, no recent news and oil even climbed higher.

HAS it possibly occurred to you that what you call dumping of shares may actually have been MASSIVE PROFIT TAKING.

The question in my mind now, is considering the same details I listed above, why are they taking their profits now?

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