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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: Re: Big volume??

Feb 23, 2011 11:08AM

Feb 23, 2011 01:45PM
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Feb 24, 2011 01:39PM
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Feb 24, 2011 01:56PM

Hi Jurek

I guess selling now was not a good idea.There is more we don't know.A volume of 13 million is not caused alone by a technical signal.We smashed the 1.55 but that's not the real top IMO.

If you look close on daily activity there was some buy and selling around 1.55 but so far the buyers are on the majority .

If the buyers prevail this may go to $1.7, especially if the momentum traders will jump on the bandwagon tomorrow.

This will probably be the highest volume day for CLL of course shares are doubled but anyway a nice jump.


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