There are some very smart folks making the argument for a $3 hold out.
My personal opinion is HNR Mgt needs to take anything over $2.50 & call it a WIN @ this point.
Sentiment: Strong Buy
Offer for $3+ - Can't take dude you are headed for the can on this one.
Gabon & Venz prop a bargain for a strong Balance Sheet co. HNR sold & gone b4 09/01 for $3+.
Buy any dips.
Sentiment: Strong Buy
got greedy when it blew thru $2 - should have listened to my cut & sold it all then.
Intra day - SHORT @ 8.83 or better - cover if your just day trading 8.50's
Crude Mkt no news - so best case, it hold steady, worst case today, it falls 1.50
FYI....crude inventory rpt SPIKED it..... but now Crude just went NEGATIVE.
Time to SHORT the SPIKE. Just saying.
I was a serious bear on DNR, OAS, SD for last several weeks, but I'm looking to go LONG if begins another breakout move like some commodity gurus are predicting. I honestly believe these 3 stks, although not very strong stks, could see a quick bump in the following ways:
DNR - test $9.60 area
OAS - test $18.60 area
SD - test $2.40 area
Just saying that the odds of a potential "CHAOS, NEWS WORTHY" spike is very possible.
IF NOT, then all 3 could hang @ their current levels with very limited volatility.
I say you keep shorting til' the ranch is dry. I'll join you @ $9.30, but not @ these levels.
$8.20 ? Really ? You are way more of an IDIOT than I originally thought, although nice call on the intraday short.
Probably wouldn't sleep well if I was short after such a pull back. I'll take my chances buying now + calls.
I just ran the Altman test on the stks they listed & bought some SWN CHK WLL DNR Patience as this is not a day/week/month trade - 4th qtr 2015 this should be very good.
Leveraged in the money PUTS ...... oh the sweet bliss of happiness : )
Note it will only take the mkt & crude to be down ( HIGHLY LIKELY )
I pity the FOOL who wants to be long here ! Mr T
look at the chart.......as ugly as ugly gets STRAIGHT DOWNWARD FALL from 9.26 intra day high today,
and why is it going lower you ask ?
- CRUDE @ YRLY HIGH & IS UP TODAY
- CRUDE READY FOR A PULL BACK
- ALL OTHER OIL STKS UP 2.5% to 4.8%
- STK MKT UP SCREAMING
All positive except DNR stk down..... it's getting ready to be CREAMED. JMHO
NYSE ran it just like predicted - I shorted a few k @ 9.15, had a lot of orders not filled @ 9.22 & 9.26.
I see CRUDE moving downward the next several months due to inventory restraints, thus DNR will also
fade downward as the price goes back to high 40's. Look for $8.90 to be a breaking point floor.