Welcome to the Winfield Stock Hub

Engineering, procurement, construction & management of crude oil refineries.

Free
Message: price flatline

price flatline

posted on Feb 08, 2008 12:36AM

here goes roy again with his report on his chat with the market gods. this is total speculation based on what i observe

those that watch wwfs every breath like most of us on ag have noticed that the market has been 'discouraged' in a quiet but seemingly purposeful manner. the low closing has been done despite strength during the day with volume being on the offer side generally until then. the 'anonymous' selling can be figured out with a net house summary available to officers from the trust company daily i believe, but weekly for sure.it would provide a clue as to why

after being spanked with pp stock last week the selling has been spotty.....what does this mean????????????

could be just that...selling....someone thinks we have zero and always will be that way....but why then the low clses??/ doesnt figure

so....what i believe is that a deal is being negotiated and is close to fruition, this would require a further positioningof the vendors/partners/other side. a runaway train at 50cents would be impossible to have a 15c unit approved. it is imperative to the deal to keep the price here in order to facilitate things.

those of us here are generally up to our necks in stock...so the buyers are new and monied it looks like.

maybe they read my blog and decided that i may be right. [lol] for whatever reason we have seen a strong bottom at 14 recently

just some observations and common sense

royrogers

Share
New Message
Please login to post a reply