Re: Trading..
in response to
by
posted on
Oct 29, 2008 01:45PM
(Edit this message through the "fast facts" section)
It means nothinig...we won't have any results for a while yet. Gastem was up today, about 20%, and we own the same percentage in the Yamaska as them and more with Talisman. It means nothing. We were up today to $1.44, but someone sold out at the end. Normal trading day, nothing more. You can't read into everything...but if someone needed the money and had to liquidate. We've seen a lot of accumulation already with qec at these levels..don't really care if it's +0.01 or -0.01...volume was normal and it was only within the last few minutes it went red...could be day traders or just someone needed to liquidate at any price. Now, if we were down on huge volume or up on huge volume, then someone must have leaked something for sure. But, the fact is, we won't know anything until results are out on that very day.
QEC has over 200M O/S...whoever sold the a few thousand shares at the end clearly doesn't represent much....we're at a point, as someone mentioned, were everyone is just waiting...people and other institutions have bought enough and are waiting too...so it's just a matter of time. But don't look at one day we're down and tsx is up as anything. Just think about everything we discussed on the board and the extreme positive results to date and what FST and TLM believe about this play.
Rocco:)