SD is going down primarily because of it's massive debt. Do you know that 75 percent of it's earnings in the first qtr. was from hedging. When those hedges are gone, checkmate. Likely appears the debt will be defaulted on. Kind of like Greece, they just have no money or lenders to service their massive debt
I told you, you wished you would have waited. You bought .10 too high and at 20,000 shares that's alot of money you left on the table. Learn to buy support and sell resistance my friend!
Only in your dreams does SD have that much proven reserves. It's just one big lie.
It's time to unload the truck and sell the truck. Oil going much lower along with all oil stocks. It's simply too much supply vs. demand. CHK will print $10.
Looks like 30 people that disagree is a sign that they are on the wrong side. The price action says it's going strait down from here.
The hot speculating money will not, again I say, will not come into this dead man walking stock until it hits .75. Watch and learn.
Also remember my friends the good book says that "speculation brings poverty, but slow steady plodding brings wealth". Buy support and sell resistance. No speculation needed!
$1 is now major resistance. .75 is support and this is where the speculators will come in and try and support the stock. The only safe play is to sell at resistance and buy at support, with tight stops to protect capital. Keep your powder dry for .75 my friends for it will come soon enough.