So what does SAC Capital's latest quarterly 13F filing tell us? Here are a few interesting details:
The biggest new holdings are Chesapeake Energy puts, and shares of Discovery Communications. Other new holdings of interest include Halcon Resources (NYSE: HK ) , and Thompson Creek Metals (NYSE: TC ) . Oil and gas company Halcon, operating in the promising Bakken region, as well as Texas's productive Eagle Ford shale region, among others, is expected to grow by 30% annually over the coming years. It recently reported 2012 net daily production 128% higher than year-ago levels, and proven reserves up 417%. Halcon was recently one of my colleague Joel South's top two energy holdings, and analysts at Stifel recently upped its rating from Hold to Buy.
I'm thinking that the negative column by SEEKING ALPHA was a last ditch effort to drop the share price tuesday morning or at least slow down the buying so the SHORTS can COVER while trying to push HK back to test the 5.41 low. IMO, friday was the turnaround, and tuesday will be an UP day, and a clear WIN for the BULLS.