I also bought some AXAS, as it is ready to break out. BUT, I am keeping my PVA.
Did you see the PVA price target on the point and figure chart?
you will notice the shorts seem to show up on PVA's down days. "obboi" is a notorious shorter. with the year the market has had he must be an a bad financial position and "K.smith182" must be on Sierra World Equities payroll. I understand their desire to short considering the run PVA has had and I have been expecting a pull back, but PVA's recovery process is unprecedented. technical analysis is moot due to the recent developments and strong fundamentals. current short int has dropped by 1m. next report will be interesting. inst hold over 95%. will PVA continue this trend into the new year? difficult to say, but considering management's aggressive approach to becoming a leading G/O producer, I would say odds are yes.
PVA is a drilling machine right now. I listened to and evaluated all the Investor Day slides, and the price targets have only started to get increased. Wait til the next earnings report, things are only getting better. They truly have switched from NG to oil, in an impressively short time. I am long and very strong, with no intention of selling.
First post by me on this thread, I hold 79K shares with a cost basis of $4.30. When they did their secondary about a year ago at $5/share, that is when I got in.
The shorts are soling their shorts, LOL.
Here is the short interest data from the last 3 reports:
Settlement Date Short Interest Ave Share Vol Days To Cover Price
9/30/2013 10,536,118 1,917,253 5.4 $6.65
10/15/2013 11,206,247 2,047,106 5.5 7.51
Earnings: 10/30/2013, $(0.02)/sh
10/31/2013 10,133,836 2,038,079 5.0 8.51
lmao... Sierra World Equity Review is a fake site full of fake reports. What a joke.
Time to get off this train, selling ahead! Tonight a sell rating issued by Sierra World Equity Review
Nov,21,2013 Penn Virginia Corp(PVA) : * Suntrust raises price target to $16 from $15; rating buy For a summary of rating and price target changes on U.S. companies:
PVA is already profitable on a non-GAAP basis.
Analysts scrambling like lemmings now to raise their target price for PVA.
Guys who were at 4 are now at 12 target
Analysts are a joke for the most part.
you obviously entered your short position without doing any DD on PVA. as of late there have been more deceivers showing up on this board due to their losing short positions. I have no quarrels with anyone taking a short position on realistic data, but when they realize they made a bad call and decide to spread false information to manipulate the S P, I will call you out. wise up and do some DD and cover before you get in any deeper.
earnings projections have been on the increase since 2011. PVA has substantially increased their presence in one of the hottest fossil fuel locations in the U S. management has detailed a plan on debt reduction and increased production. I refer you to PVA's "analyst day conference transcript." it is quite lengthy, but very informative. I understand your concern if you are short, but you need to look at PVA with a realistic point of view.
PVA couldn't make profits while oil was much higher ,oil is down now and all of the sudden everything looks fine,really? Management hugely overpaid for doing all the wrong things.This is a pump and dump ,so can go higher before a huge collapse again. That eagle ford potential was there too when the shares plunged on behalve of huge debt and huge losses,now it's different,REALY?