This was always going to be kitchen sink quarter so not surprised. Should create a good buying opportunity tomorrow for the brave ones.
Shorts should continue covering today...credit to mgmt. for having a plan and acting on it. We'll be above $1 before you know it.
I agree. The Company is in a much better position now than it has ever been and no reason why we can't get back to at least $30 again.
False. It's actually a fairly low cost producer in a low cost region. Now that oil and NG are going up they will be in much better position to reduce debt obligations. Relax and enjoy the ride.
Not that secret, it is short covering. API number now final confirmation for shorts they need to cash out and move on as price of oil going higher and pulling this stock price with it...up up and away!
You absolutely correct...the shorts have to get back in at the lowest possible price and with tide of oil price going against them the shorts will sucum to the pressure...buy today as will be even more expensive to cover tomorrow. Hold on to your shares.
LOL...another piece of good news for a Company that is going to start getting a lot more interest from politicians in States outside California and great timing on the product roll out...the future looks very bright indeed for this Company.
Looking at yesterdays trading activity I would say I was right on my call...though modest enough to know I don't get it right a lot of the time.
Finally signs of a strategic game being played by mgmt. What other good things might they surprise the shorts with? Big short squeeze going to happen all the way to Xmas. GLTA...except the shorts!
Sad but it's the truth...now put The Donald or Carly in charge and we wouldn't have this situation to start with...
Yes it could and would imagine that they will doing whatever it takes to ride the wave of rising oil prices to get the stock up. Hopefully includes buying back some stock which would help to tighten the noose around the necks of the shorts. GLTA