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SandRidge Energy, Inc. Message Board

distantdrummer 63 posts  |  Last Activity: Jul 10, 2014 11:51 PM Member since: Feb 19, 2013
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  • distantdrummer by distantdrummer Jul 10, 2014 11:51 PM Flag

    Firstly; if you listened to CNBC this morning you heard that many of the weak retail earnings reports were due to “Over Expansion” and the companies were into or starting location and unit reductions. RAD is a year-and-a-half ahead of them.

    Secondly; add to that, even with the pounding the program trading did yesterday and today, they could not break RAD and keep it below the 100 Day Simple Moving Average ($7.16)

    For the next few days, keep your eye on the 50 Day Simple Moving Average which is inching up 1 cent a day and sits at $7.61.
    We need to move back above and stay above that average which will then signal some of the sell and short program trading to shift to a “Buy Side” bias.

    $7.79 (Fib Retracement) and 7.81, the intraday high on the bounce-back form the selloff after the earnings forecast, will both give new resistance points but depending on what is going on around us, may not be as strong a resistance as in the recent past.

    All in all, the last few days have been great for picking away on the buy side and adding to, what has been, a classic turn-around situation and the P&F charts still have a target of $16.00 + as they have for over 8 months.... Good luck to you all.... Drummer

    Sentiment: Strong Buy

  • distantdrummer distantdrummer Jul 10, 2014 11:58 AM Flag

    Exactly.....

    Sentiment: Strong Buy

  • distantdrummer by distantdrummer Jul 9, 2014 12:39 AM Flag

    All we needed today was Sergio Leone’s whistler in the background and we could have had a nice, slow, hot, dry Spaghetti Western. (It’s 91+ here) no Pacific breeze and cloudless here on the Coast.

    The Long-Term ( 100 and 200 Day) Simple Moving Averages just keeps moving on up, a cent or two a day.
    The Medium-Term ( 50 DSMA) has moved up throughout the year with the occasional side-way consolidation, but still in an upward bias.(as it is now).

    The very long-term trend-line (it takes at leas 3 or more points to draw a trend-line) from July 2013 has never been broken and continues to inch up.

    All this is just reflecting the fundamental improvement of the company...that’s the “Good”.

    We are currently being sloshed around by the Russell Small Cap Index and the 1000 Index. It directly effecting the 5 – 10 and 20 Day Simple Moving Averages ( the day- traders and swing-traders). We moved up and down between them all day...locked between the 10 day ($7.28 and 20 day $7.26).....That’s the “Bad”.

    The S&P 500, which also influences RAD, looks like it wants to break its 20 day SMA ( it touched it today ) and kick-off stop-losses. I am sure there are programs designed to try to drive it through the moving averages. If the programs succeed RAD will get a downdraft also (much less severe than the S&P) along with the market....just the nature of things.... That’s the “Ugly”.

    The carrot hanging out there is the SSS report has a short fuse this month and comes out Thursday the 31st. Combine that with the long-weekend we just had. it seems the obvious action to take.... IMHO... is to pick away on the buy side during this period...and wait the next swing up...and for Clint Eastwood to come to the shoot out....... Distant Drummer... have a good day....

    Sentiment: Strong Buy

  • Reply to

    7.7 mil after close at $7.57

    by distantdrummer Jul 3, 2014 1:13 PM
    distantdrummer distantdrummer Jul 4, 2014 10:31 AM Flag

    GAP = " The first trade Monday on the NYSE at 9:30 a.m. will be higher than high of the previous day."
    With such a large - 7.7 million share -- trade after the close, there is a 50/50 chance that much of early a.m offerings expected Monday are already absorbed. The odds would be greater were it not for the long-weekend. Such a large order at the 50 day moving average also is very bullish. If the gap occurs and holds then we start a leg up toward $8.00...that is the history of such patterns. It is just something to watch for but not act on unless you are a day-trader.

    Sentiment: Strong Buy

  • distantdrummer by distantdrummer Jul 3, 2014 1:13 PM Flag

    After the close ... 7,704,343 shares crossed at $7.57 at 13:03:09 EST. Right at the 50 Day Simple Moving Average... Watch for a gap Monday.... Drummer

    Sentiment: Strong Buy

  • Reply to

    $ 7.56 Key

    by distantdrummer Jul 3, 2014 9:15 AM
    distantdrummer distantdrummer Jul 3, 2014 11:11 AM Flag

    I see where you are getting that number and you are correct but it is next. Where we are now must be a proven breakout before the long algorisms will kick in. The computers just read the numbers as they appear..they do not look ahead... as I understand it. By the way, that $7.81 is just above the Fib Retracement line ($7.79) and there will be program buying and selling short just above and below.... The fundamentals will take us through all that, given enough time and if we are all correct that the growth pattern will continue....Fundamentals come first, techs for picking your spots....IMHO...Please keep posting.. I like to check my work against someone else who knows what they are doing......good luck to you.... Drummer

    Sentiment: Strong Buy

  • Reply to

    $ 7.56 Key

    by distantdrummer Jul 3, 2014 9:15 AM
    distantdrummer distantdrummer Jul 3, 2014 10:27 AM Flag

    That is just stops sitting just above the 50 Day. Now it has to trade around $7.56 for a while but with this kind of volume time required is less do to number of trades. The break out has to prove itself and then the long algorisms will kick in ...but not before the breakout proves itself. Then we get our momentum traders following.... As I understand how those programs work.... Drummer

    Sentiment: Strong Buy

  • distantdrummer by distantdrummer Jul 3, 2014 9:15 AM Flag

    We started to turn up on all indicators Monday which anticipate. What will re-start the momentum and medium tern up-trend will be a close and trading above $7.56, the 50 Day Simple Moving average, which never turned down but did move sideways consolidating for two weeks.. All the long-term.. 100 and 200 DSMA never turned down and continue to move upward... as driven by the basic fundamentals of RAD... GLTA.... Drummer

    Sentiment: Strong Buy

  • Todays opening numbers:

    5 Day Simple Moving Average = $ 7.17
    10 DSMA = $ 7.15
    20 DSMA = $ 7.27
    50 DSMS = $ 7.56
    100 DSMA = $ 7.08
    Pre Opening Thursday SAME STORE SALES numbers

    Sentiment: Strong Buy

  • Reply to

    Almost Over

    by distantdrummer Jul 1, 2014 3:32 PM
    distantdrummer distantdrummer Jul 2, 2014 9:42 AM Flag

    Posted reply today (Wednesday)...could not yesterday..having a lot of trougle with Yahoo.

    Sentiment: Strong Buy

  • distantdrummer by distantdrummer Jul 2, 2014 9:31 AM Flag

    Steve Grosso, an institutional NYSE floor trader said on CNBC yesterday that the “repositioning” from the quarterly Index adjustments was almost over. What he was saying, and how it effects RAD (remember the 90 m share day last week) is this. When the indexes adjust their holdings to reflect their values and percentages within the indexes the buys and sells in the open market are usually taken up by large institutions. Large traders and Hedge Funds step in and take up (either by short or long purchases) any left-overs. They then trade out of those positions over the next few days. I believe that is what caused those large blocks during the day (Tuesday 1st). Keep in mind that the Indexes have numerous derivatives that are also effected.
    There may be a few more positions that need to be flattened out but not much if any. That is why I said I thought it was “Almost Over” yesterday. By the way, the 100 Day simple moving average is at $7.07-8..... I am haveing a lot of trouble with Yahoo the last few days....anyone else have problems?? .... Drummer

    Sentiment: Strong Buy

  • Reply to

    Almost Over

    by distantdrummer Jul 1, 2014 3:32 PM
    distantdrummer distantdrummer Jul 1, 2014 4:01 PM Flag

    I will explain further later..I am clearing up my own trades now....

    Sentiment: Strong Buy

  • Reply to

    Almost Over

    by distantdrummer Jul 1, 2014 3:32 PM
    distantdrummer distantdrummer Jul 1, 2014 3:35 PM Flag

    Anyone know why Yahoo scrambled Grasso's first name.. ??

    Sentiment: Strong Buy

  • distantdrummer by distantdrummer Jul 1, 2014 3:32 PM Flag

    If you heard #$%$ Grasso from the floor this morning you may have picked up that there are still large blocks floating around from re-balancing effecting today's trades both up and down. ... let's hope that is the case here and not another leak of SSS due Thursday.... Drummer

    Sentiment: Strong Buy

  • distantdrummer by distantdrummer Jun 30, 2014 9:31 AM Flag

    How many of you called or e-mailed Cramer to get RAD Pres. or CEO on program ???

    Sentiment: Strong Buy

  • distantdrummer by distantdrummer Jun 28, 2014 7:29 PM Flag

    S&P Analyst Research Notes and other Company News

    June 25, 2014

    11:30 am ET ... S&P CAPITAL IQ UPGRADES OPINION ON SHARES OF RITE AID

    TO HOLD FROM SELL (RAD 7.135***): Our upgrade is based on valuation as the

    shares are trading below our EV/EBITDA based 12-month target price of $7.50.

    We are lowering our FY 15 (Feb.) EPS estimate $0.01 to $0.35 but increasing our FY

    16 EPS estimate $0.01 to $0.48.We expect margins in FY 15 to narrow on

    increased drug reimbursement pressure and fewer new generic drug

    introductions as drug distribution is transitioned to McKesson (MCK 188 ****).

    However, we see margin benefits in FY 16 on improved purchasing power, an

    increase in brand-to-generic conversions and higher volumes from Obamacare

    implementation. /J. Agnese

    Sentiment: Strong Buy

  • Reply to

    buyout coming

    by duckyah000 Jun 26, 2014 3:50 PM
    distantdrummer distantdrummer Jun 27, 2014 11:27 AM Flag

    Good for you. Someone who understands...and I may add...a "buyout" is not in the cards. RAD is a "turn around" situation...no one will look at it until that is proven out, debt is more reasonable and earnings more predictable... IMHO.... Drummer

    Sentiment: Strong Buy

  • Reply to

    Re-Inteligent Posts

    by distantdrummer Jun 25, 2014 9:28 AM
    distantdrummer distantdrummer Jun 25, 2014 10:52 AM Flag

    Sorry Laman250, can’t agree with you on this one. I do not follow the DOW 30 Industrials, I run S&P 500 and Russell 2000 Small Cap daily, 90 day, live charts on one of my screens since RAD is directly influenced by those two indexes via hedge-fund algorisms.

    I did pull up the 90 day chart on the DOW 30 and overlaid 90 day chart of RAD . Not even close. The Dow 30 has not broken its 50 -DSMA as has RAD. The DOW is currently being held by its 10 and 20-DSMA which were gapped through the day of RAD’s earnings forecast change.

    The DOW looks ... as of today, like it has formed a “Double” Top within that last 30 days.
    RAD looks .... as of today, like it is forming either a “Head & Shoulders” or “Up-Wave Consolidation” pattern the last 90 days and it can go... unfortunately .... either way.

    RAD has its fundamentals going for it but also because of its price and large float, little earnings and large debt, and lack of dividend... it is an ideal target for “Naked Shorts”, “Short-Side Day Traders” short side trend-traders.

    Dow is much harder to influence by those forces on a daily basis and requires more capital...the risk reward isn’t worth it in the same ratio as attacking a small cap with no dividends and in a turn-around phase of their economic cycle. .... Perhaps you are looking at a different type and time-frame chart than I used..... I will, however, keep and I on the DOW also for you may have a good point and that Double Top could spell trouble for us and the general market.... Drummer

    Sentiment: Strong Buy

  • distantdrummer by distantdrummer Jun 25, 2014 9:28 AM Flag

    For whatever reason, Yahoo would not accept my “reply” to your post. I received an “Unauthorized”, in red font, each time I tried to post..... Maybe that says something right there.

    One poster has rightly pointed out we are at a reasonable accumulation level. We are also:
    1. At the medium-term line which goes back to the April Lows.
    2. We are at the 100 Day Simple Moving Average ($6.98)
    3. Mean Volume has decreased during the last 5 trading Days
    4. The 200, 100 and 50 Day SMA have continued to go up each trading day and have not been turned by this sell-off, therefore, the trend continues up.

    Today’s trading (this is written pre-opening) could have an effect on some of the above, but as for the basic trend, it will take a longer and deeper retracement to do that.

    Since “Intelligent”, like “Beauty” is in the eye of the beholder, I hope you see this comment favourably..... GLTA.... Drummer

    Sentiment: Strong Buy

  • distantdrummer distantdrummer Jun 24, 2014 11:47 AM Flag

    TKS for info....

    Sentiment: Hold

SD
6.58-0.26(-3.80%)Jul 11 4:02 PMEDT

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