Superwealthy, price would depend on amount of oil, a good...

Superwealthy, price would depend on amount of oil, a good example would be to look at the recent history of karoon, oil per se will spike the stock as you would expect there to be no sellers. Typcially, from a purely charting perspective, the stock should take out previous highs before sellers decided to take profit. The amount of selling would be a function of any holders who bought at previous highs who have merely held on to get their money back but once the previous high has been taken out, everyone is making money.

This is why a lot of traders look for stocks that take out new highs, particularly with significant increases in volume vis-a-vis low volume stocks where it is easy for associated parties to ramp the stock prior to a placement.

Anyway, I would be optimistic that the stock could go back into the 30 cent range very quickly but then it would be a matter of seeing how much oil actually flows.