With oil stuck below 50 and AMSC burning cash for the foreseeable future Id imagine AMSC is going nowhere. This is just a selling opportunity
The company carrying his namesake sure acts like the stretcher he will be riding.......No doubt its finished. Maybe they should wait even longer to raise money? Eventually its coming cause MNKD aint got the sales to survive and I think the shorts know Sanofi is going to drag its feet until MNKD dies a slow death. Gotta wonder why 116 million shares are short??? duh? Ill scoop some $1.50 kind for a bounce to $2 in December after the weak sales are out and tax loss selling is in full force
nice call bigfatty, you've been right for quite some time since ive been reading about AMSC
Wouldn't it make sense for OPEC to gain control of some fracking land in America? once the American clowns go belly up?
brohicious, you seem to know your stuff, but why would oil stay in the 40's? with all the 5000 untapped wells and no end in supply shouldn't oil be $30? easy?
I don't understand why in the world anyone (including T-bone Pickins) would think oil could even cross $50(much less $70) in the next 5 months?? Seems completely illogical.......
bro, isn't the market a discounting mechanism??? doesn't everyone know this bit of information? Im sure at 38 supply will drop off nicely and at 35 t will drop even larger
How can oil not be close to a bottom??
Im surprised Oil isn't down another $3 on the API report . When oil beats on draw down it goes lower the following day. Why the heck is oil not plunging to a new low?
but his point doesn't bode well for commodities if a recession is on the horizon which is exactly why oil goes down everyday.....oil is forecasting a depression
I thought the same thing at $14.70 but oil seems like it wants to collapse......good luck to us both, but oil feels like 35-38 inside of 5 weeks
but not before another secondary dilutes common another 40% and flushes Douglas permanently down the drain!