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Miller Energy Resources, Inc. Message Board

  • olejos olejos Oct 30, 2011 10:49 AM Flag

    Shortie Gambler,Get out of town by sundown

    Short sale bets are at 2 weeks of normal trading levels & 15% of Cap.Betting against lift costs of $23.46 /barrel(down 29% of previous costs).This is a 44% increase in production from July 31,2011,over 46,800 barrels shipped in Aug 2011, production levels will soon exceed previous levels of 4,900 barrels/day.Can't bluff, or fold the long bets with the National 1320 rig being assembled and the $100,000 million debt facility.I see a change for an increase in stock value and resulting buyin panic in short positions that will cause a price spike.That could trivialize the lawsuit positions and show that money lost on Mill stock was caused by thin air,bad investor research, and panic seller's courage.

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MILL
0.0350.0000(0.00%)Oct 2 3:58 PMEDT