Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 690.38

+0.4%

Dec 24 4:00 PM EST

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To: Cogito Ergo Sum who wrote (47839)	5/3/2012 1:32:55 AM
From: Johnny Canuck	Read Replies (1) of 69218

It looks a large stock holder might be exiting there position on RLE.V. It is always hard to gauge the movement of the price with these small cap stocks as it takes a while to get out of a large position. They have to hit all the low ball bids to get out. If it does not quick recover to the $1 level a lot of psychological demand will be done to traders it will take something significant to move it above that $1 level. Keep in mind a large shareholder exiting their position indicates they see better opportunity somewhere else, so RLE.V will be on the defensive for a while if it does not recover quickly. It looks like it is company specific as none of the other oil service stocks are down as much.

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