Insider selling at these low prices, No insider ..I mean NO Insider, nada, zip, ziltch, no buying at these levels. No discussion of the progress of ANY new contracts to replace the material ones that were lost. And, of course, the way management mazimizes bad news and fluffs over good news in dealing with potential investors. This company has an excellent balance sheet and alot of potential but I sold out recently. I plan to keep an open eye on returning, however I won't invest in a company where the management won't invest or properly communicate unless I see a concrete reason.
They are interested in getting new contracts. No company can be run based on stock price. After they right the ship operationally the stock will go up. If not, then they should do a buy back.
I agree that this is strange. I bought more BTU today. We shall see in January.
I bought more just now. My position here is now quite substantial. I can't see much downside in the near term and I can see significant upside in the near term (IMHO).
I won't lose here even though my cost is $12.33. The next distribution will make up difference. If not, then the next. By then the trust itself will probably be back to $13+ after making a couple of distributions. The tax loss selling is almost over.
Sentiment: Strong Buy
SD is my number 1 and HK is my number 3 position. Love both at these prices. SD will not have much insider buying, they are looking to sell the company so it is a different story.
I don't follow your logic about not being able to average down below $5.20 but this morning may have been the last day this stock went on sale. Tax loss selling is tapering..
Bought more today. 6 of my 8 largets positions are NG related. SD UPL BTU XCO DVN and CHK. All are doing lousey this month. NG prices are better than I had hoped for at this time of year. It seems that the powers that be want all the retail holders to panic and sell. I can't be wrong on all these positions with NG prices this high. Come early this winter, after many retail investors have sold, the powers will bring back these stocks with a vengence (IMHO).
I bought more today. We will see who is correct in January when tax loss selling is over.
I have owned this stock for years. Bought in a $8 and averaged down at $4. I have doubled my money not even counting the dividends. Management is stellar. I don't plan to play with this stock for a point.
I can give you one point. Shorts don't need logic. This stock will be bullied down below $22 for no other reason than to make money. I am not presently long or short though I did take CLF from under $18 to over $25. CLF is a great company, well run and has a great future. It doesn't matter. Now if you can not look at this for a year then you can hold and make money. My plan is to buy in below $22 or maybe wait for $20. You can't beat the shorts, in the short run.