Posted On: 09/25/2014 2:17:55 PM
Post# of 4274
Re: birdys3333 #3154
I appreciate your spirit but the timing is not right yet. The chart says thus needs to hit .001-.0015 to be a real loading zone. This stock is manipulated like a fine Stradivarius violin and not by the very transparent Fanooks but rather by the real thieves running the show. There are cycles to this stock. The chart says that it needs to go lower. The good news is that we are probably only days away from those lows. That is when you will see massive buying come back into the stock.
This will be in advance of any October "Oil News". The reason is simple there are a boatload of new convertible debt shares yet to be dumped. They will need a primed pump before this to convert or they will have no volume to sell into. The will need one hell of a hype job this time but rest assured they will find new blood to suck that has never heard of BKEN or ORFG. These are the targets for the upcoming "news". Longs who stayed in will pass the "hot potato" to the new holders.
This all has to happen before the next filing date too because while 200m to 400m was a big hit to absorb another hit of 200m dumped into the Float will be devastating and the company will likely perform a RS some time next year to clean up the mess.
IMO save your powder for now. It's too soon. Support was broken a long time ago.
The next real support is in the teens where we are headed IMO.
This will be in advance of any October "Oil News". The reason is simple there are a boatload of new convertible debt shares yet to be dumped. They will need a primed pump before this to convert or they will have no volume to sell into. The will need one hell of a hype job this time but rest assured they will find new blood to suck that has never heard of BKEN or ORFG. These are the targets for the upcoming "news". Longs who stayed in will pass the "hot potato" to the new holders.
This all has to happen before the next filing date too because while 200m to 400m was a big hit to absorb another hit of 200m dumped into the Float will be devastating and the company will likely perform a RS some time next year to clean up the mess.
IMO save your powder for now. It's too soon. Support was broken a long time ago.
The next real support is in the teens where we are headed IMO.
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