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Sanchez Energy Corporation Message Board

  • boiler_room_bermuda boiler_room_bermuda Apr 18, 2013 2:47 PM Flag

    what happened on the way to $20 ?

    Cramer pump failure ?!

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    • I think by now that everyone knows that Cramer is a kiss of death and existing holders must always always always sell into any temporary strength he and his ilk create. A lot of people here will have lightened up on Cramer's recent pump. Buy on weakness, like $18 or under, and sell on strength. Sanchez has a good story to tell, it's growing like a weed, it gets a great price for its oil, and when good news periodically hits the street the stock moves towards $20 and should be sold again. Repeat, repeat and repeat.

      Sanchez is doing a lot of drilling these days, we should get some news soon. Just one decent crumb of good news moves the stock up a couple of dollars in thinly traded shares like Sanchez. Also, there is talk in the industry these weeks that Marathon like their Palmetto results so much that they are looking to do even more drilling there.

      Yep, plenty of opportunities with Sanchez to make a trading profit. Buy low, sell high. Repeat, repeat and repeat.

      • 1 Reply to mkiu2006a
      • Cramer is a mixed bag, IMO. I especially think he's terrible with energy, but better in other segments.

        In the past, he has endorsed many energy stocks that were dogs. In just the last 2 weeks, he was all hot on MHR, and that has cost a lot of people a lot of money.

        On the plus side, I have a lot of biopharmas, and when he mentioned ISIS, which I did not own, I bot it at close to 16 (2 weeks ago), and it's 20 now.

        But on energy, his picks are the kiss of death.

 
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