Or the big Macro trades related solely to the decline in Nat Gas Prices?
Find Manager: Oh snap, look at those Nat Gas futures getting crushed. Hmm, is there a trade here? Ah ha, Sell a portfolio of gassy and buy a beta weighted portfolio of oily E&P cos. I’m such a genius and that’s why I get paid the big bucks.
Point of the story: Just because there’s short interest doesn’t mean any of the shorts have one iota of a clue about what’s going on internally at MMR.
Personally I don't think they are going to flare. With production facilities already hooked up, I think they are going to shove it right in the pipeline. Why let out more information than they have to. And besides if it does produce 70MMCF why would you burn all that profit?
Short Covering is normal for those wanting to cover before any anticipated good news. Interpreting the test results may take some time. I expect that some will disagree with them until more information is out. So the volatility should be good for traders.
You are 100% correct. "iknowrusty" NEVER has anything good to say. No clue who or why he sticks his head in ever so often but is to be ignored IMO. I was seeing the same replies and was going to post the same as what you said. Good Post
A lot of post responding to ikr's comment about "getting crushed". Since there was never any crushing going on (look at the numbers and do the math) his motives become very clear.
Look at his post history across boards and it also becomes obvious. Having said that I do find some of his post very humorous. Reminds me of Ted. Now that I think about it I am pretty sure I recall seeing them responded in the same thread. Coincidence?
Not sure why the big spike in volume today, but the volume for the last 30 minutes of the day is the highest 30 minute segment of the day. This is true for every day this year. Not sure what to derive from the data????