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Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

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Message: Manipulation

Manipulation

posted on Jul 07, 2008 12:00PM

If theories of manipulation are accurate, and if you combine some factual data such as the fact that the reserves report update was issued on about July 10th of last year, then we can come up with a speculative guess about how this week will pan out:

Monday, minor drop in SP.

Tuesday, minor drop in morning, then a huge push downward to take out stop losses, followed almost immediately by a return to previous morning's levels.

Wednesday, gathering strength, moderate rise in price.

Thursday, big gains in morning, stop on trading, news released, more gains in afternoon.

Friday, drop in morning, then more strong gains by end of day.



This is purely hypothetical, so we won't warn people to buckle in for tomorrow's ride.



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