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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?


To: Fiscally Conservative who wrote (88049)7/25/2007 10:27:40 AM
From: CommanderCricket  Read Replies (1) | Respond to of 206338
 
Own a lot of this hidden value and do not understand the weakness.

Wasn't long ago many couldn't get enough of it when they announced a 60 mmcf plus 5,900 bbls oil for one well. That huge well hasn't gone anywhere.

Not bad for $350 million company with a platform already in place. Oh well...



To: Fiscally Conservative who wrote (88049)7/25/2007 10:43:27 AM
From: chowder  Read Replies (1) | Respond to of 206338
 
>>> Why BZP is still falling here confounds me. <<<

It's all part of what we technicians call trend analysis.

When it's time to take profits ... and I stated back in March that OIH at $192 would be where this sector was overbought, a time to take profits ... most ships will fall with the lowering tide.

The fundamentals are put aside until price falls to levels of price support, and then you look to see if buyers are ready to step back in.

This move is based on the technicals, not the fundamentals.



To: Fiscally Conservative who wrote (88049)7/25/2007 9:41:44 PM
From: energyplay  Read Replies (2) | Respond to of 206338
 
When traders get close to a margin call they look at what CAN be sold, not what they would like to sell.

I'm sure they hate selling BZP, but they need to raise money.