Re: Last down days. - sharky
in response to
by
posted on
Feb 12, 2011 02:20PM
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
Hi Scott
Yes I checked it myself on the chart patterns during the past years.There is indeed a certain path but it also related for a lot of stocks .Of course the swings on CLL are heavier then on others.
So if we will earn some extra gains it's important to be prepared on possible highs and lows.I was succesfull in trading in 2009 but was unable to act since we dropped below 1.45 at around April past year.The most unpredicted factor is the timing of dillution for this stock.THat's mosstly the most imported reason for big drops besides problems outside the company.
About Jureks writing We are all so lucky to have some major intellect (including yourself) involve on this board.
That's true.We have a great board here with very intellectual people .Then it's hard to believe that board members which we can assume or not idiots are acting on a very tricky way .That goes a bit above my imagination.I would like to ask these guys if they should take same action on their personnal finacing for there house ,property etc..If we should do that the same way the whole world was almost bankrupt.The PDP story told us enough how a company with some potention is brought to it's knees with shareholder value almost zero.Is it so hard to proceed step by step with first building up some safe financing zone instead of going on adventure on the hope things should work out well.The future will tell us if they learned something from the past years.
The fact they own only 1% of CLL shares if I'm right is a very low proof they believe in their own acting on the company.