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Midstates Petroleum Company, Inc. Message Board

  • filefish1 filefish1 Jun 27, 2013 3:16 PM Flag

    This week's trading

    We started the week off bucking the downtrend and since then its been all downhill . Anyone have an idea what may be causing this downslide.?

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    • Well, the volume is not as high as usual, there's only a 2%+ short interest in the stock
      on a 60M share float, so, maybe it's an institution, or fund, peeling off a little stock. Can't
      really find any fundamental reason to give up shares here though, not with what's going
      on and it's potential. Bit of a head scratcher.

      • 1 Reply to theguywho2
      • Agreed...no volume ...no short action to speak of. ....no negative news. Technically this looks like a triple bottom reversal in the making. If that is the case this is a great place to buy in here. Actually it is the optimum place to buy here....op·ti·mum/ˈɒptəməm/ Show Spelled [op-tuh-muhm] Show IPA noun, plural op·ti·ma /ˈɒptəmə/ Show Spelled [op-tuh-muh] Show IPA , op·ti·mums, adjective
        noun
        1. the best or most favorable point, degree, amount, etc., as of temperature, light, and moisture for the growth or reproduction of an organism.
        2. the greatest degree or best result obtained or obtainable under specific conditions

 
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