re: Ann: Cambay-77H Well 4 1/2 inch casing se...
and maybe its just a long squeeze, squeezing the longs to dump their stock...so they can accumulate.
Short sellers can monopolize the trading in a stock for a brief period of time, creating a sudden drop in price. The main reason why long squeezes are so rare is that value buyers will step in once the price falls to a point deemed "too low", and bid the shares back up. A rapidly falling stock, without a fundamental basis for the drop, will soon be seen as a "value" play, but a rapidly rising stock will be seen as increasingly risky with every upward tick.
OEX Price at posting:
7.8¢ Sentiment: Buy Disclosure: Held