I have watched this issue ( and am long the stock) for five years and it is not driven by the things that "move the market." It responds to news that comes directly out of the company's activities. If the pps continues to drop then it would be appropriate to buy more. In the next two to three weeks, there will be news on their drilling program. If it is reasonably positive, I would expect the pps to move significantly at least ten points or more. All of this is MHO and should not be construed as investment advice of any sort.
put ahead , well said..I think there is a high correlation between the action friday a/h move and a follow- through monday morning due to some news( maybe ) pertaining to the drilling glitch being resolved(at least at the opening could muscle the stock.)
You know what's funny is I'm not short this stock, I'm long. But I guess you can't be long and #$%$ off at the same time. Meandcody are you telling me you are just fine with what is happening with the PPS?
With the delay on wahoo drilling problems.etc people are reacting by taking profits from$ 67 scaling all the way down to friday's close,but on a lot of loss taking as well. I added stock under $57 last week.My time horizon is to maintain a risk control strategy and with one well" hitting" I will then keep score in terms of money.The worst time to bail out of a position is when the price moves against you.'GIMMEE SOME PAIN I CAN TAKE IT".GLTA