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Midstates Petroleum Company, Inc. Message Board

  • bkfviking123 bkfviking123 Sep 9, 2013 10:18 AM Flag

    all shorts will have to cover

    oil has been up consistently and for a long time..the next Q cc will surprise

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    • MPO Shorts getting killed. Stock up 8% on no public news. Question is why? I see a few possibilities.

      1.) New information. MPO new well data is getting out to the smart money and things look good. Very good. Maybe Investbanker's not full of it. :)
      2.) Manipulation. The hedge funds and bigger institutions saw that shorts were overexposed and bought MPO shares to create a short squeeze. Buying based on no new information.
      3.) Technical traders. They saw MPO's oversold bottom in mid August, put the company on their watch lists. We're seeing a technical driven bounce. Next stop likely at overhead resistance around 5.45.

 
MPO
1.21-0.06(-4.72%)Apr 17 4:02 PMEDT