Thu, Jul 24, 2014, 5:27 PM EDT - U.S. Markets closed


% | $
Click the to save as a favorite.

Magnum Hunter Resources Corp. Message Board

  • shavitmi shavitmi Sep 5, 2013 3:11 PM Flag

    PVA volume more then twice, big blocks

    someone is buying

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I got interested and bought some today. From $4.66 to 4.68. Why I got in:

      A study of this says that larger positions need to be bought during the MACD troughs cause it's all owned by institutions. So I assume that is what is transpiring. I wanted to have an oil at the opposite end of the MACD cycle from MHR. Nice chart too. Long term down trend line getting ready to be broken. Darned 6 month chart looks like a mirror image to MHR if you just changed the price levels on the right of the chart.

      Probably the highest institutional ownership of any Oil stock I have seen. (big names like Soros) I think I know why too. If you look at the book value ($13.67 after debt) and compare the percentage these growth companies have been selling under book for the past year like HK, MHR (average 70% of book), then PVA is a $9 - $10 stock.

      Short interest is 8 mil and change which is amazingly what MHR holds in PVA stock.

      Sentiment: Buy

    • Maybe someone is selling. Hint - MHR has already sold a chunk of this company and may want to limit on the down side.

7.07+0.02(+0.28%)Jul 24 4:01 PMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.