We (shareholders) are going to have one shot at redemption to come out of here with a moderate profit. I'm in at 5.68, but well say up to 5.75. So anyone in between 4.99-5.75, you don't have a good long term position, end of story. You have a good opportunity to make a little quick cash and than take the proceeds to HK a company with true potential. Tom's getting ousted, end of story, so i suspect the stock will quickly, within a few days tops rally to between 6.5-6.75. This is your opportunity to get out, and if your not a church kind of guy/gal, then thank your lucky stars and move onto HK at 6.99 or less for a 2-3 year holding period (you will make money, perhaps you'll consider buying me a mcchciken from mickey dees afterwards in thanks). Anyone in that 4.8 or less range, ultimately its your decision, if you want to own dead money for the most part for the next couple of years, if not maybe even eternity, then so be it, me personally, I don't like dead money. The stock may hit 7, however I personally don't see it going much above in a higest case scenario (I could be worng). UNDER NO circumstance will this hit 8 dollars tho, just from tom being ousted, chk only got 5 or so after aubrey, and after all this is Sandridge.....
The time has come ladies and gents to not be greedy, not to be fearfull, not to be overly speculative, and sure as hell not to be a shareholder in this company unless you've got balls made of steel (mine are made of tissue) Don't restart a harvest plan with an unproven TPG, Will they succeed? I think so, however it takes TIME and as we all know, TIME is MONEY, don't waste time with dead money for the next year or so. You WILL have an opportunity in the future to buy this POS again and by that time, maybe it won't be such a POS.
Good luck to anyone with brains (i don't care if your long short, both, or even good looking like oneself)
I'm down 230 dollars.......however if you think that phases me, you are wrong.
There is a reason Warren Buffett and Benjamin Graham are arguably two of, if not the two greatest investors of all time.......its because they are willing to pay for value and accept the fact that the short sighted investor will drive down the stock price of great companies, like apple for example. I'm usually not a huge fan of technology stocks and I question apples outlook in 10 years, however short term within the next couple of years, i think they have a couple more tricks up their sleeve.
I have no credibility, yet i'm right more than i'm wrong and i've made money on this stock unlike you.
so go figure, that the idiots on this board (not everyone but a good amount) would listen to someone like you, who has made no money, all the while, i have made money on 3 separate occasions, and i'm up 3.95% on my current holding of this, and im up over 6% on HK and i've only owned these stocks for not even 2 weeks yet!!!!!
KIKI - why do you continue using multiple aliases to bash people who don't agree with you and your daddy Tom? You've been wrong for how many years now? Why are you so hateful towards the short traders? Are you sad because you lost too much?
And lastly, what have you ever contributed to this board? All the posters you bash have made at least a few terrific calls. You have never been right about anything. So why are you here?
Great post I/V - thanks for letting us know how to invest and many thanks for telling us that your balls are made of tissue. This really explains a lot, most us us guys at your age had balls of steel or maybe more like coconut balls and we loved to share the milk with our girl friends.
Lol - just "sprayin".