Just noticing that 5 days ago, this stock was at 10 cents, and less than a month ago it could be bought for 6 cents. High volume on Friday and a considerable jump on the day. Those people who bought at 6 -10 cents must be extremely happy.....no guts, no glory. WTC is showing some strength also, but I feel that the move up in AEO is due to the fact that they are/will be drilling as far as I know. The price was knocked down over the past months due to PP's and lack of activity, as is the case for many speculative stocks.
You are most correct in saying that there are a lot of shares outstanding, and one of the recent PP's was quite substantial. Don't know if it will go much higher or not, but it currently has the elements of speculation and volume. When someone is in the "information loop", I'm sure they will post what is going on. Until then, we can only guess as to what is up.
Perhaps, someone can elaborate on what area AEO is drilling, and other specifics that they may know.
Regards, Wisam |
