Usually signals bad times ahead (6-9 months ahead)
Just look at
LINE energy CFO left and stock went from 4's to BK in 9 months
AZUR CFO departed and stock went from $4.50 to .65 cents just 7 months later
I really like MCEP mgmt, wish them the best but wondering why CFO left? Maybe he doesn't want to move
To Oklahoma from Dallas, TX as their corporate office is being relocated, or maybe it's something else? Hope it's the former and not latter.
Making a profit is all about being a good trader, congrats! That said, it's just starting to break out, maybe more gains ahead? I just wished I had bought more VNR stock, in 1'40's I had a few opportunities to do so.
I think that Nat gas will stabilize around 2.60-3.00$ and the support, prices over 2.85 will help VNR enough, to incrementally pay off their debts to the lenders. Really need oil to go over 55$ to start helping VNR incrementally.
A couple of things need to happen quickly to determine if 18.55 is indeed the bottom.
1. Stock needs to gap up and close higher, more so than the gap on volume
2. Sentiment needs a change, most often stock prices do that, so #1 is very critical and #2 is critical
The sooner this happens, the better the chance that it was indeed the bottom as you all know the peak points in stocks don't last long or give opportunities to either sell at top or buy at bottom.