I understand that DLJ brokers (I am assuming in
NY) have gone to their "wealthy" clients in NY to
fill-up with more SEV at these levels. This was part of
some internal memo on various stocks today. I am not a
client of that group!
Would appreciate any
confirmation from DLJ clients since it is probably public
knowledge by now...
nice day longs... hey speed, no prob on previous
message... heff's just getting back some investment... time
to climb folks. i'm looking for it settle back in
above 15 for the weekend... good luck to all.
Does anyone have good info on the price moves of
the past 2 days? Note Harken has also moved nicely.
While SEV dropped more sharply over the past 5 days it
is gaining on HEC today and about even with HEC over
the past 2 days. Of course, we have a long way to go
to get back to the high of $27.
every single week there is another lousy
excuse for this stock. Shorts covering.
price of oil,
block trades, big announcements,
usually when a story changes over
every day by the week. I stay away!!!!
this is a
small position for duquesne anyway
and they are
probably hedged. This is a story
with serious flaws.
Insiders were selling a while ago, excuse for that
I agree with your assessment. Day trading is
probably the way to do it right now with SEV, but I
must've spent an hour today watching the whipsaw work and
I have a day job. Bought at 18 sold at a loss.
First loss on a trade in over 15 years, but the sale
allows me to cancel capital gains earlier in the year
and move into another oil stock which has been
similarly pounded but not showing manipulative action. I
put my money over on UTI Energy. Oil Well Service
companies have taken a similar pounding, and this company
has fallen a greater percentage off of 52 week high
than SEV, sells below book, low debt and earning were
released yesterday-up 75%. SEV has deep hole upside but
numerous downsides. Earnings for SEV is due out next week.
Two quarters ago, surprise was -300%. Couldn't
stomach that in the short term. Real play is the price of
oil. I felt better shifting into something with
comparable upside longterm with 18 month horizon, yet lower
risk. I've stayed long on HEC with a smaller investment
and have a few Nov. Triton calls that I bought after
it crashed, so I haven't abandoned the area
completely. Good luck to the rest of the longs on SEV!!!
I'm not complaining....just observing. "so,he
sold a little pre-drill in case they were dusters...so
what?" Just for the record...old oilboys close to the
seen know that this is a mother lode...I would think
that Hef knows as well. Insider Sales on this one
don't bother me on this play. Especially in light of
the fact that Egolf, Whitehead, Soros have not sold.
Hef just had to buy some viagra....and he's stupid in
the way he operates within a public company. He
does'nt truly understand what his sales do to an image.
I don't know about your rumour,
but if you look at today's intraday action, it looks
like somebody has decided that they want this stock.
The volume is quite high today, and the first big
round of buying came in to take it up from the day's
low - bold or stupid... There were a few other mass
purchases that came in on dips and finally enough to push
it into positive territory for the day. Couldl be a
I suppose comet would think I'm stupid but I
increased my holdings in SEV early this morning even though
it was still heading south,turned out to be good
move.Called SEV today but office was very busy,had the
feeling something was going on,maybe just alot of worried
shareholers trying to get some reassurance,seems they may
have gotten a little looking at todays volume and
uptick.HEY comet I could smell Bre-x a mile away,did you?
You are right ... todays action in SEV looks like
accumulation. The technical guys who calculate on balance
volume (OBV) like stocks that fall on low volume and
rise on big volume. That has been SEV's pattern over
the past few weeks.
Oil Rig, the message is getting pretty old. You
have been singing the praises of SEV for so long now.
It looks like the big boys made their money and are
leaving the little guys in the dust. That's the way it
Please read the post again. Very simple question
on whether or not anyone on this thread has received
such a call. You will note me on the HEC thread in the
opposite "praise" to what you imply. I am interested in
knowing... not necessarily believing!
Could this sickening slide have something to do
with the recent
collapse of Triton [OIL] ? since
both operate in Columbia . If so,
SEV would seem to
be a great buy at these levels since it seems to
have much better fundamentals unless oil in the
is worth nothing anymore.