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Halcón Resources Corporatio Message Board

  • valueman60 valueman60 Nov 15, 2012 4:19 PM Flag

    To be balanced

     

    to be balanced and to avoid miscommunication I should say that while HK was a great short at $10, a very good short at $9, a good short at $8, here at sub $6 it is not a good short based on a risk/reward ratio.
    I would use this weakness to cover shorts as the best part has been milked. While I don't think we will be going above $7 for quite an extended period of time, there can and likely will be some catalysts to make a run at $6.26 happen.
    I noted that today, in addition to some long selling we saw some shorting , perhaps ill timed and too stick your neck out type by amateurish accounts. So as the old saying goes,
    Bulls and bears can make money, but pigs get slaughtered.
    Shorting down at $5.70's appears to be piggish.

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