with a HUGE (quoted) 90% sucess rate(!!!), you'd have to think they'd be on to something!
opened at 0.16 & stock shot up ~10% to 0.17
and now it's ~12% down at 0.14
the buyers are just outweighing the sellers and dragging the SP down, with the outcome only days away...maybe all those Austin Chalk doubters will get their way or perhaps proven wrong, in which case SP will get up to fresh highs
time will tell...
If the buyers are outweighing the sellers why should that drag down the price? Is'nt a few rather large sellers more like it?
It's not about the success rate, but the commerciability of the wells.
Look at how many dollars BUR threw away with 100% success rate on their giddings austin chalk wells!
if one is a duster there are plenty more to come after that
with a HUGE (quoted) 90% sucess rate(!!!), you'd have to think they'd be on to something!
interesting times ahead
got manipulated all over the place today and closed JUST up right at the bell
spud only days away
BCC posted an announcement today, that the AGM webcast is available.
would this be enough for the SP to drop further to 0.13?
or is this some sort of 'correction', for it to have climbed up so fast and with the options available (dilution?), that the SP needs to be lower... i'm just a little confused.
still, i'm a n00b at this..
holding @ 0.155
BCC posted an announcement today, that the AGM webcast is available.
would this be enough for the SP to drop further to 0.13?
or is this some sort of 'correction', for it to have climbed up so fast and with the options available (dilution?), that the SP needs to be lower... i'm just a little confused.
still, i'm a n00b at this..
holding @ 0.155
Pre-spud nerves as people square off their positions. Its made lower lows yesterday after cracking new highs.
15 days of hard running and its taking a break. Maybe back to the 11/12c congestion area?
also in a 38/50 point of confluence on the fib - market has memories
interesting to see what it does at the end of the day and leading into tomorrow.
lots of buys at 15.5 would have had stops hit - dont you have one on this SQ?
In and out a fair bit (too much one might say). After it made lower lows on the 23rd, Couldn't play it on the long side safely anymore so and stayed out.
Also there used to be a size buyer late morning/noon. He's gone now so the price could very well head south (may be him dumping)
quarky i dont believe it has anything to do with the AGM webcast posted today
SP has strong support at this point... also, lots of tree shaking IMO - people trying to rattle cheap shares off others by hitting stop losses and creating fear by dropping the SP
with the spud coming up in the next day or so i dont think you can pay a lot of attention to the manipulatiopn of the SP at the moment.
its moving in a similar way MEO has done in the past
Strong support at what level SWM 79 ?
It is just sliding downwards from some high on 16 cents and then dived down at 12.5 cents at some stage today. I think it is all marketing hype of BCC with no real strenght.
I am struggling to have put some money on it at 15 cents too low price to drop it
Lots of talk and good reviews about BCC....all looking favourable..
Holding at .12
Tim
Hi Tim,
Can you please add some detail to this post. What is the "talk & good reviews"? Why is it looking favourable?
I have had to delete a couple of posts in this thread due to ramping and some other posts are borderline. Please try to add some content to your posts.
This is a reminder to all posters that ASF expects a high standard of posting in the stock threads to keep the quality content up for the benefit of all users of the site. Posts like the above would normally be removed so to save wasting both your time and the mods time please try to add some useful content.
Thank you.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?