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Discussion in 'Elio Stock Discussion' started by Ekh, Feb 20, 2016.
100 shares total at $1.00 yesterday.
Today, 1:50 EST no trades yet.
No stocks traded on 9/10, 9/11, or 9/12 (so far 2:45 EST)
Looks like we wait and see who bends first.
Either the sellers will drop below a dollar or the buyers will pay more than a dollar.
It'll change but it'll be a while. I have said before, even dollar amounts become a psychological thing for investors. This is why Elio sat at places like $5.00 for a while. I never thought it was going below $3.00 because it was being manipulated. Obviously, I was really wrong on that prediction.
So far today over 2,000 shares have traded. Sounds good except all of them have been for either $1.00 or $1.01
Update: Over 2900 shares traded (2:10EST) still $1.00 to $1.01
Monday should be good for Elio since the drone attacks on a Saudi Oil field and oil prices surged 18% in early trading. US might tap into oil reserves.
It's been a blip on oil prices. The Saudis will be back online to full production by the end of September, and with the production from fracking increasing the production in the US for the US market has reduced the shock to oil prices. If the US was not fracking for oil, and the potential from Canada via the XL Pipeline, the recent events in the Middle East, the attacks on tankers and the strike on the Saudi oil processing would have pushed prices to $80 to $100 per barrel in a very short time. If you look at the prices of WTI (West Texas Intermediate) and Brent Crude from the North Atlantic, the shock of the attack was not that dramatic. The other reason is there is enough already in process and reserve without tapping into strategic reserves to cause a major increase.