Do not panic...It's going trough a little correction...that's all
Volume is low. it had a good run from 4.75 to 5.75... 20%.
So it's healthy for it to drop 5%...even 10%.
The trend has changed for SD... we just need to wait for the filth TW to finish selling his shares
My guess is that TW sold a lot today, saw a very big block trade just before close of trading.
I share your prospective that this is a normal pullback after a significant upward move in SP.
Battered SD longs need to realize that the trend has reversed and take advantage of this low price. imho
If Q2 earnings comes through, SD will be trading in mid $7s.
SD's floor is protected by its desirable acreages, which are eyed by suitors lurking to acquire.
In the short term, the probabilities of reaching $12 is far greater than that of $4.