Day traders were all over this when it was a "hot stock". Looks like they have moved on to other hot stocks.
Time will tell whose opinion is right or wrong. All I know is I feel good about having my profit safely in the bank. You are holding the risk, I hope it works out well for you.
Just because I think it will go down to that level doesn't mean it will. It was clearly overbought and I think it still is, but while there is a lot of interest in this it may have a few more bounces left in it. I suspect in a few weeks it will return to the thinly traded stock it always has been, and when it does you'll see some serious price deteriation.
I sold @18.35, no regrets. This may be a good company, but not nearly good enough to justify the run up after earnings. I didn't short after I sold, but I think the fair value should fall somewhere in the $12-$14 area.
Shorts have nothing to do with it. Stock will fall on its own as more longs sell to prevent further losses and potential buyers will avoid a sinking stock. Give it a week and you'll see 2 dollars or more trimmed off this over-inflated valuation.
Only "HUGE" if you are holding the stock. To the experts in the know? Not so much.
I don't know about your math, but buying at the open seemed like a no brainer to me. Got a bunch this morning @13.25, which is right at recent support. Also seems like oil has found nice bottom support. Gotta think this goes munch much higher from here.
Might see a gap in the morning, but without follow-up news, as you say...I think it does drift way down from these levels. How much I don't know, but 2-3 dollars is not out of the question. I think most of the volume today was from day traders. not investors. When the price stops rising the traders will move on, leaving a lot folks holding a bag.
Yes, I've been on and off the board for a while. I don't pay much attention to those self-proclaimed experts who claim to have predicted every positive move a stock may experience. I bought a modest position here @6.59 avg. Plan on holding a few years at least or until oil prices get back close to where they were. Only the naïve would believe oil will stay at these levels for a period on years. There will be bumpy times ahead, but I feel much better knowing DNR is run by top notch mangers.
but I am pretty sure that the bottom is near if it hasn't reached it already. I am very certain that oil will return to multi-year highs at some point in the future. Whether it's in few months or a few years, it WILL happen. One thing we can count on is for every barrel extracted is one barrel less in the ground. As oi8l gets harder to find, it will require more expensive methods to get it out, which will make these companies excellent investments going forward. I'm initiating small long position in several companies, of which DNR is one. A year from now I'm sure I'll be a very happy investor.
All depends which 'group' you are in. Someone's going to get shafted before this all plays out. My guess is the group YOU'RE in gets the shaft.
with all these phony restructuring moves, the company is still losing as much as it was last week, last month, and next year. Until CZR finds a way to get profitable, there is no way they will ever pay this huge debt, and to avoid total bankruptcy.