We'll be fine. Make sure you take advantage of these sale days created by short sellers. Some will cover before earnings as bad news already baked in. Just picked up another 5,000 shares today for 5.93. Not the bottom but hopefully close enough.
Same rules apply to him...in ordeer to maximize profits buy low and sell high...if Ross thought this was a dog then he would have sold at $32.
I bought over 12,000 new shares last week. Hurtls bait looking at the price now but future dies look good wit h the world awash with NGO and Efforts by national qgovernemnts to reduce green house gases and pollution. Electric power good for PPV's but qNgneded for trucks and heavy industrial machinery. And it's all made in America. Shame on the politicians for not doing more to promote an abundant natural resource which wouldn't add to deficit numbers. In fact won't be long until it helps to offset the trade deficit with exports of LNG. USa only getting stronger but would be nice if politicians tried to help rather than hinder.
Every stock is selling off as people rotate sectors and in this case take some profits. If I had more cash to invest I would be piling into this one. Profitable and growing top line well into the future, and small share count so any profit will hit the share price quicker. Ross is a good investor to follow.
It is a good sign. Would also be nice if SD was doing buyback at these prices. Now talk of Venezuela wanting emergency OPEC meeting so oil and gas price should start to stabilize soon. Nice thing is SD has good hedges in place and so not going to be hit as badly as we think. Main issues is that mgmt. make sure that there are no production snafus like last Q. This Director spent $500,000 of his own money on sD stock so must be good news ahead and I don't mean buyout as I don't want that as we wouldn't get a good price.
Great to be able to buy another 2,000 shares below my original purchase price. Nice little Company only getting bigger and the demand for US NGL only going to get stronger as they get cheaper.
Creating some nice buying opportunities. I made out quite well when Apple and Nokia fell precipatiously. Picked up 5,000 at $6.59 yesterday and ready to buy another 5,000 when goes lower. I love the adrelin rush.
Maybe management is slowing the production and spend down so they can ramp up again when NG exports start toward the end of next year which should help more than anything to drive NG prices up. Keeping their powder dry.
Would be relatively inexpensive for them to now buy back 100 million of their shares cutting their float by 1/3. That would #$%$ the shorts fro sure! Eventually this roller coaster ride ail come to a smooth stop.
This revenue revision is already baked into the price and then some. Good news on product development.China could take the order if the otherr customer can't afford them. I think we go up tomorrow.
Just doubled down an bought another 5,000 at 10.60 pps. Now only 12% down. One nice day of short covering will get me back in the moneyif doesn't fall too much more. Let's hope there is some good news on the horizon. With control of Senate going to GOP maybe there is a real opportunity for Boone's NG plan. Here's hoping!
Tough place to be in and I know. I have 50,000 shares of this puppy and down $81,000 and growing. Agree with comments on where oil prices likely to be over the short term. That said, SD not a bad place to be tif still buying as price has been too low because of short players taking advantage of opportunities create by negative news on production decree in 2Q and CEO leaving, etc. One has to presume that no major investor (other than shorts) wants to see this company fail so you can bet they are impressing on management the need to perform. If they can avoid any more production snafus, build confidence in the leadership team and hopefully get lucky with a gusher or 2 we should be in business very quickly. SD has plenty of assets and liquidity so no problem with development resources and should be less strained when they stop drilling trusts soon. This stock has a well defined cycle and am thinking that we are at the bottom and MM may start to push it up. All the risk now should be to the upside. Good luck to all of us!
Continental Resources recently had good discovery in South Central OK. Not in SD area but maybe gives us some hope that there will be better finds in SD acreage.
We'll be just fine for the long haul. iPhone 6+ flying off the shelves which means lots of GG being sold. Will see results in 3rd Q and beyond. $40 by Christmas.