There has been some pretty heavy short selling for the last 5 days of trading. So I'd watch a while. Shorts can wreck good companies and my take is swimming against that current is sometimes exhausting. That said I like this company and Bennett is doing an outstanding job, If they get the Woodford figured out then we have 7 focused areas for production with very good results. I'm already in and it's my second biggest play, so the seatbelt is fastened watching the drilling reports.........
If you are not selling today, that means you are a buyer. Every day that you don't sell, you are essentially buying at the current price. With that said, I think SD will trade down again in the 5's this year, but I also think it will pass-thru $7.50 on the highs.
Me?........ I hate to give advice...............:o)
Look around........ it's not difficult to find better opportunities.
(I'll get many thumbs down for this..... but I might get a thumb up from you a couple of months from now...)
i am a buyer in this price range. in particular, i like this management team. the turnaround here is simply fantastic. compare the company today to the mess bennett inherited a few quarters ago. great things are happening. this is a one year investment at least.