This is from Forbes....
optionMONSTER's Heat Seeker system found heavy buying in the January 20 calls, where about 6,900 contracts traded for $1.15 to $1.80 yesterday. The volume was well above the strike's previous open interest of 1,551 contracts, indicating that new positions were established.
These long calls lock in the price where traders can buy the stock through mid-January no matter how far it might climb. They could be sold earlier at a profit if premiums rise with a rally before then, but the contracts will expire worthless if shares remain below $20. (See our Education section)
GDP rose 3.58 percent yesterday to close at $19.36. The oil and natural-gas company broke out of a multi-month range in late July and ran up to $28.55 in October--its highest price since late 2009--but has been declining steadily since.
Total option volume in the name topped 15,600 yesterday, 8 times its daily average for the last month. Only 719 of those contracts are puts, a reflection of the session's bullish sentiment...
Disagree. You fail to understand the investment dynamics of this company. This is a resource/acreage play. Nothing has changed that. This has been a high beta stock. So expect big moves in both directions. Though now, I think the stock is feeling the effects of some tax law selling.
There are well results pending this month that will add 3 to 5 NBV if successful, so we will see. This would prove up some of the TMS acreage in the south..
One final comment, someone made a huge bullish option bet in January. So, I would expect much better action in a couple of weeks.
Yep, with this type of volatility we are seeing we must be close to the end of the slide...Though interesting someone dumped both NYL and AGNC at the same time on EXTREME volume spikes at the end of the day....
Someone dropped 1.8mm shares at 10 minutes before the close. That triggered another 4 mm plus shares to be traded in the past 10 minutes. Someone really wanted out. They were not efficient about it either. One of the strangest last 10 minutes I have ever seen..
I think it is nothng more than profit taking. This is a high beta stock and therefore the movement has been exaggerated recently, with the slight sale off in the nasdaq. Thinking about buying some more, but I am looking for it to put in a bottom. Know this, someone it appears, has been heavy a seller there has been big downward spikes on hugh volume.
I have read many of the comments about bankruptcy associated with GDP. The question is ludicrous and some of the responses don't point out the practicalities of the oil and gas industry. For example, I am fairly certain some of the production is hedged, so the drop in oil price if it were to happen, would not impact them immediately and meaningful. Furthermore, this is an asset play. They have a dominant acreage position is in the TMS play, and we have seen recently more players moving into the space. What that means is that others in the industry has had a look at the geology and thinks the risks are worth a leasehold investment. The critical question, is how similar is the geology across the acreage? One analyst I have read stated that if just 10% of the acreage successful and the eagle ford highly impaired, the stock is worth 17.... So under a pretty dire situation, we are looking at about a 4 downturn. Conversely, if just 40% of the legacy TMS is productive then they have 44 target.
Bottom line, I like the risk versus the reward. However, I do believe the oil market will be under some mild pressure because of supply issues...
What did you think of his probability of approval at greater than 90%? An analyst I follow rate the approval percentage at 65%. The analyst could be just being conservative....
Strongly disagree with the CF franchise priced in. What you are seeing have been seeing in the past few days is some of the momentum players coming out of the stock. There have been a couple downgrades. Some of the other "high flyers" have been taken some hits to. This is and will be a CF story and the success of that program will determine the success of this stock. Since no news will be forthcoming for awhile, people are leaving the stock.
I had e-mailed a bio tech analyst after the Bernstein downgrade and he stated the stock is range bound until mid 2014. His PT is 93 and of course depending on the outcome of the trials in mid, it could go higher.
I would think we are at the bottom of the range, but who knows, it could go lower.
Appreciate your analysis, but I looked at Investor Village site, message boards, and did not see anything... Is it a group or something?
Ok, for those that are scientifically challenged, this seems to be great news, so is this new news? Is this information part of trial?