re: Ann: Cambay-77H Well 4 1/2 inch casing se... Shipstern -...

re: Ann: Cambay-77H Well 4 1/2 inch casing se... Shipstern - correct me if I'm wrong (it wouldn't be the first time), but my understanding is that TO's push the target's sp up, not dow.

Dudeesq - "beware" is right - where's there's smoke etc

Something's afoot, but what is it?
Why such large sale parcels going thru on a dropping market - share price down ~20%. It's a lot more than stop-losses being triggered, that's for sure.

Technically the sp was overbought last week, so it could just be profit taking in the lull before the next ann.

But Ron's last ann struck a negative tone with me.
Is there something untoward in the mud logs that has leaked?

After being toasted alive with NEN, it does smell very off.

Ron certainly doesn't stand to gain out of the sell off with his options play, neither do our new partners in 77H.

I guess all will be revealed (eventually).