I just cannot believe people are willing to sell at these levels in such quantity. I think a press release of some sort is warranted from the company but I won't be holding my breath.
I just cannot figure this out. Does the company suck - YES! But this is getting to levels that imply it won't make any money. Oilly is way too optimistic but I think this decline is crazy. Is this just the negative market mood? Margin calls? or is there some issue i am not seeing here?
What about additional impairments etc. You only seem to show the improvement or no changes as the options. With this crew running the show I think not. Again HOPE you are right - but the market and the logical side of me (as limited as that is) says otherwise.
How much of this do you own? You have been cheer leading during the last 40% drop and you continue to do so? There may be a turn but this will not get back to where you had called it a "strong buy" anytime soon. I would tone it down.
If this paid $1.70 I would agree with you - it does not. maybe $1.60 if everything goes as it should - which it never does - hence the trade where it is. Corn outlook horrible - saturation of market huge - don't get me wrong - I have a lot of this P..O..S but it is hard to make a positive case for it at the moment.
Can't believe there was a block sale of 30k and then 60k shares all at once - that is someone who REALLY wants out. Curious on what the thoughts are about this being positive or not. Obviously price suggests not but would enjoy hearing the contrarian point of view!
Underlying company/commodity fundamentals. Price movement though is concerning if it is also related to some BS shutdown or some other issue that seems to plague this group. I am holding at these levels because it is hard to justify a sale here. Buy here? Well i am not sure. 3 months ago I would have thought a unit price at this level would be unimaginable and a screaming buy. The reality of the situation has changed my mind though - hope i am wrong.
I sold a big portion at $3.90 with great pains but glad i did. Still have a decent holding. YES I am that much of a putz. I am with MONEY on this one - not going to recover any time in the near term. Just hope these idiots can put something together so I can at least recover some of the losses over the next 10 years through Dist etc.
Rational behavor would have been to sell this at $20 - oh wait not $17.5 oh no wait $15 oh no still wait $13?!?! The decline in this has been surreal. At what point does this become a value buy? I mean really? Obviously not at these levels. Outlook for 2014 and 2015 less than OK.
This price action makes no FN sense unless there something going on we are not aware of. This sell off is INSANE. Look at the movement from 21 down. Pure BS that requires some action. with a day of conferences this is down almost 10%?!?! really.
Yeah I am in this way worse than you but do agree - selling here unless you see something completely catastropic does not really make sense. ST outlook not great but these declines have been so unreal - hard to swallow.