DO did the same thing. went to 30 early in trading only to end the day around 34-35. These things will come back when oil hits 80.
me. I have a load in the 50's and 40's. Same with DO and NE and SDRL. I'm stuck beyond stuck. Oil isn't renewable. It will rise again.
they did the same for gold last couple years. pushed them down to nothing and then upgraded. now they are neutral. these oil jockeys are the same. DB says RIG to 6. They are clueless. Oil is going to rebound. cuts will happen and oil will hit 80 this year. Not sure if 100 but it's going back up. They have an agenda and are short now so they tell all their friends to write all the scare articles to push oil down and the stocks down. Yesterday DO was 37.5. today it barely held 34. pure bs.
oil is cheap. gas is cheap. why pay 100K for this junk to go 285 miles when you can get a gas car and go over 500 miles and not worry about refilling??? the money you save buying a 20K car vs. this overpriced metal will pay for all the gas in your lifetime. geez, simply amazing.
barrons is behind all of this bashing. They were short gold and wrote article after article to push those stocks down. Now they are after the drillers. They have an agenda and they are being paid by someone to push them down. Why would they keep pounding the table lower after any rise by the drillers????
depends on what the buying company feels the drugs and pipeline is worth (duh). I'd say 20 if we're lucky but time will tell. I'd like to see a press release saying XYZ to buyout ARIA for $2X and HB is gone to go fishing.
denner is not in it for fun. he wants money. when my company had 5 partnerships, they all bailed in the stock when they made money. same with the 5-10 investors/brokerage houses. Once it went south, man they got mad and wanted heads to roll and wanted the share price to go back up. It never did. barely trading now. so I think with HB gone, offers will come in fast. the question is who and at what price. I say if he's gone in 3 weeks per the news (or hostile comes) then offers in a month or two and we might be north of 20.
that HB says no and denner wants to go through. He bought at 5-6 range and if it's over 15, why wouldn't denner want to take that? 3X his money??? I can only hope there is one and it's over 20. the problem with a company like this is size. some talk about it going to 300. won't happen. competition is too big from big pharma and the biotechs. also, a buyout would occur before it got to 100 (if it ever will get past 10 we'd be lucky). I just want my money back (NLOL).
yeah, I never short (just hold long losers and down so much money it's not funny. they say traders lose 95% of the time and I'm one of them). anyway, still holding my 5K at 20 and 5K shares at roughly 10. Held the 20's since sept of 2013 and 10's since march of 2014. I want out badly. I'll take break even and be happy.