Every time SD rallies right under 6 dollars and looks as if it may finally break through, it falls right back down and shows its true colors. Its just such a shame to see you shareholders get fore played like that and then have it taken away from you......and to think its in the beginning stages of happening again.....
Don't count on SD closing below 6 today. Doesn't matter to me when it closes above 6 this week, next week etc. What matters to me is when it closes above $14. This stock is cheap imho and sellers at this low price are going to miss the really big move up that will occur over time by next year. Earnings are improving radically, management is making the right decisions, costs are being reduced, new technologies are being implemented. Did I mentioned the stack play. There will be be plenty of buyers waiting to bid on the resources. Good luck to longs. ;imho
a one year chart will show you just how "fair" this is , it's called a cup and handle , and if the handle (which is about to form) stays above 5.50 . SD is off to the races by December and will be MUCH MUCH higher ..... count on it
Like I said.... a couple MORE quarters, please.... Show me sustained earnings. I have been around this stock for a whole long time. I know the big names are in SD now. And that's great. But I am sure THEY want to see ongoing results as well. Last quarter was last quarter. I don't think there is any question that the next quarter will be good, but I want to see it first.
I agree cranky. Can't blame folks that got in, in the 4's, to take some profit. After all, I am sure there are plenty holding SD long that wished they had taken some profits along the way. ME being one of them.