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Superior Energy Services, Inc. Message Board

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  • coldwintergas coldwintergas Oct 18, 2007 1:51 AM Flag

    Institutions close losing positions in November...

    thats what i am talking about

    target is $27-28. And just cause I am heavily short SPN, the desperately trapped longs onboard SPN, keep sending insults.

    All the while I am making money been 100% right with my trade on SPN been bigtime short.

    target is $28

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    • and don't get me wrong. I think SPN is a wonderful company. It has a strong business and deserves to be at least $45 right now BUT the fact that institutional selling on poor performing stocks begins in November most probably will drag SPN down under $30.

      At that point, I really think it will go back to $40-$42 by February 2008

      • 1 Reply to aeadds
      • Nice one, Colderwintera$$, looks like you slipped and used your newest alias.

        And 300 shares short is not heavily short. And as I recall, several of your last short sells are under water. You were too greedy, so you didnt cover when the stock dropped to $32. $27 -- that's pretty comical.

        I'm 5k shares long at $33.82 now, after some swing trading. Flat for now, but not for long.

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