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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

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    • 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.

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

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