Oh my! Longs are saying this is a great deal. Shorts are saying retail AND institutional investors are stupid.
Hmmm. I would suggest you read my earlier posts where I laid out the game plan - which just so happens to be the plan used at Petrohawk. I can almost guarantee you this won't be the last stock offering. They're kind of painful when they happen, but contrary to what EandPexpert thinks, the people that bought these shares are much more in tune with what is going on than he is. I suspect they have found something and want to start on a buying spree similar to when Petrohawk sold their Gulf Coast assets and bought Haynesville and Eagleford. Stock offerings are only a problem if they use the money to pay the electric bill and the company picnic. I suspect they've found something with some value.
Hey Patrick, How is your game plan working you? Looks like you've generated a really solid return on your investment so far this year. I guess I was dumb for not listening to you. Next time leave the investing for people who know what they are doing. I've made 40% on my short so far this year, and look forward to riding this thing further into the dumps.