You need to get the emotion out of your trading, nobody knows where this retrace will bottom out, not you or anyone else, why resort to name calling, no one here that I have seen is rooting for this stock to fall any lower other than maybe a few shorts,
agree about trying to close that gap, it had to happen at some point, the shorts have been banging on this for the last couple of weeks trying to get it down, but somebody was supporting it to a degree, but now it looks like it has been overwhelmed by the short movement and will now succumb to the high 60's low 70's.
Trying to close that gap near 70, plus the shorts have been after this for a while, and now they have finally managed to push it down, been trading this for over a year, have very little at this point, will wait and see what happens if it gets pushed to 70, my guess is that is what happens and then we bounce
I have been reloading also Chute, as I had sold all my NE and ESV recently, picked up some NE yesterday, will probably buy some more today. Have not bought back any ESV yet, I will wait for a better price as I believe it will drop further, jmo obviously. Been trading some tech stocks just to get some volatility and to try and make some money with my current favorite being SYNA. You are right, time for a vacation.
I just took 34 lol, looks a little overbought to me at this point, in any case, I am happy, also sold my ESV, still have HERO, good luck all
Thanks for the heads up yesterday Chute, don't usually trade DO but bought yesterday at 46.50 after reading your post and sold this morning at 48.20........might go higher but that was good enough for me, still have NE, ESV, and HERO
COP has been a great ride, bought it a year or so ago mainly for the dividend it was paying and have been rewarded, still have it as it is sitting in my IRA acct, not quite sure it is time to sell yet, either way,welcome to NE, you are getting in at what most of us would deem a great entry price, of course, most of us here are underwater also for whatever that is worth, good luck.
long also, and you are right about the SEC, they could care less about what goes on with this stock
just trade it, it's a great trading stock, buy under 58 sell over 60
To me Chute, none of the drillers are going to make any type of significant move up until the large traders who are shorting them move on, any rally gets hit with selling and the price gets knocked right back down, nobody is stepping up to support them other than when they reach rock bottom prices and even then the support is very weak. Some profits to be made with NE on buying the dips under 30, and selling over 30, which I do, but we may also get pushed even lower if the shorts become even more aggressive. Eventually we will break upward, just hope it is sooner than later. JMO Good luck to all.
Wow, I follow charts also apdplus and no offense, but I think you are in a little deep there in your analysis, upside is 100 if we clear 37??????? lol, now that is a big gap up, at this point, I am just hoping NE can hold 30.