Who among you think this was a calculated short attack?
I think it was pretty smart. Read the chat boards last week, see the widespread discontent. Wait until the threat of good news being announced Monday morning was reasonably past at 9:00 o'clock. Check support on the bid side and see its a little thin. Give the green light to sell enough shares to start the dominoes falling. Pretty clever.
You could have easily walked away with 10% more shares today (or a lot of free cash) if you had sold when you saw fall coming. & bought back @ or near bottom. Most of the activity in MILL is due to day-traders. Traders know that MILL longs are either new to the market &/or easily manipulated (otherwise they would have chosen a different E&P to build a long position in), this makes MILL prone to wide swings making it a day-trader's paradise.
Taking advantage of these opportunities will make you about a 10,000% more money than just letting your money sit idle in MILL
I think it was the "lack of news" attack. Too many expected too much in the way GOOD NEWS from MILL management prior to this date. Management who IMO promised more in the way of updates on their Alaska properties well before now is responsible for the present retrenchment. Lack of information brings "fear" to the over exposed(heavily margined longs). With the stops in place all it takes is a little downward pressure to bring on a good sized pull back.