I've had a feeling past couple of days...I really thought we might see some downside or lateral movement because of the rise up past week or so.
This further pop has me thinking differently though. Some news must be coming
I still think it may have everything to do with the "Record Date" of the 13th... Very possible you have one or both sides increasing their positions in hopes of determining the outcome of the vote. Whoever owns shares on the 13th gets to vote. If it sells off big time on large volume on the 14th then we will have our answer.
"I still think it may have everything to do with the "Record Date" of the 13th... If it sells off big time on large volume on the 14th then we will have our answer."
No. Due to the three day settlement period, to be a shareholder of record on the 13th, the stock has to be bought not later than the 10th. So the selloff you're looking for would happen on the 11th, not the 14th.
I think you are correct. We may not no by the 14th, but by Monday the 17th we will either go into orbit or back to $5. or lower. I for one don't trust management with this vote.
FCX, MMR & PXP deal woke everyone up! Regardless of SD's (TW) management team SD is extremely undervalued unless you think Oil will be under $80 for a long period of time.
Can you imagine how well SD would fit in that company now?
FCX has the money to agressivly drill the Miss Lime and further hold the other assets in the Gulf and the Permian Basin.
Since this outfit didn't buy CHK you have to believe that they might be looking at SD.
Look at the chart for the last 10 days.....something is cookin' under the lid.......no WONDER Minnie has been buying here lately......she smells the stew cookin' again with SD !!
deep
heavy call options trading for Dec 7,8,9 and Jan 7.5
Looks like they are being bought and not sold to close out