DEREK RESOURCES (DRS,V) - HUGE PROVEN OIL RESOURCE Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : DEREK RESOURCES (DRS,V) - HUGE PROVEN OIL RESOURCE

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: rdww who wrote (74)	9/2/1999 10:01:00 AM
From: Davey Stuart	Read Replies (1) of 114

From the trading action of the past two weeks I don't see that happening. Most of the volume occurred from the 40's to the 60's. The volume in those two weeks was maybe a million shares. If they were exercising options in that range it wouldn't put much cash in their pockets to do the PP. After it hit the mid-60's there hasn't been as much volume but the price continues to move up. My guess is that the negotiations mentioned in the news release are moving along fairly well and nobody is selling because they are speculating that a deal will be struck which will put DRS into production. Just my humble opinion.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next