Tuesday, June 24, 2008

Riding the waves at Myrtle Beach....................

Not following the market action that closely this week as I'm hanging 10 with the kids at Myrtle Beach. Got the typical first day sunburn and just trying to go non-stop 24 hours day and survive the trip. Altai putting in a relatively good performance vs it's peers so far this week. Maybe a little short covering.

Saw the short interest on Canadian Quantum is near 100,000 shares which accounts for the nearly 50% hair cut. At the present trading volume, these shorts may have a hard time covering in a few months before the Forest announcement.

Triangle's just announced partner is a private company headed by an individual with plenty of experience in the shale plays. I would have thought a major would want to play with them but I guess they want to see the play develop a bit more.

Got to go.

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