I tried and tried to tell them how this was and still is a dead horse stock, and how management would screw it up anyway . They didn't want to hear it, the blind enjoy following the blind. Management is noting but a bunch of do-nothing crooks, making more and more excuses, and pushing the dates out further and further as to when this dead horse will make money. Truth is the only ones here making any money is management with there unjustified salaries, and that's all they will likely continue to do until the Co. is BK.
Do you have any logical reason for your "hunch" or is this just another WAG?
I sure hope your right, but I have my doubts. This stock has been in a controlled burn for more than a week. Looks to much like a leak of bad earnings. You know what they say, if looks like a duck, walks like a duck, well I'm sure you know the rest.
Yes, but that's the point. 5 million shares is trivial, there is at LEAST 45 million shares still short, somebody is not worried about there short shares. If we see short shares drop by 20 million shares or more in a month or less, BUY!
There is still a very large short pos. with this stock, and I'm sure most of those short shares are the work a hedge fund. Who ever they are they don't seem a bit concerned about covering, so they must be confident this stock is going nowhere. Even when SD went over $7. recently the short numbers held firm for the most part, and sure enough, right back down she went. Now, what do the hedge funds know about SD that we don't?
Had the sheep (populace) been armed in Iraq like we Americans, they wouldn't be in the unbearable situation that there in. So will be our fate if we ever give up our guns, sheep to the slaughter.
"$15.00 this year", man what are you smoking? I'll be shocked if $7. holds for much longer. What exactly is the catalyst that you think will send this POS to that level so soon, cause wishing won't work.
Of course it's short. It happens every time these heavily shorted stocks make a run, the Shorts come crawling out from under there rocks, posting childish little post. I think it's entertaining.
Then where are the buyers? I never said they would short it here, but with few buyers the hedge has to only dump a trivial amount of shares to keep a lid on the price, which is just what we are seeing this morning. As for Iraqi problem, it's been around for thousands of years, every religious ruler with a short #$%$ wants to rule the country, it's the way it's always been and always will be. Maybe the short puckered and little minded idiots will do us a favor and nuke the oil fields.
Buyers, buyers and more buyers, and looking at the volume that's not the case. With few buyers it's to easy to manipulate and the hedge's will hold it down.
Elvis; I agree. I'm certain a large hedge fund holds most of the short shares and they dumped shares at least two times today of about 500k shares each time the price neared $6.90 in effort to keep a lid on the price and prevent a squeeze. But you are correct, if things in Iraq continue and get worse, the shorts could lose control of SD in a hurry and then be faced with a decision, cover or wait it out and hope the price would soon fall back on its own when things cool down in Iraq. Actually this could provide shorts with another shorting opportunity. Anyway I'm sure shorty is concerned and it will be interesting to see how much control they can muster.
Speaking of ole Tom, hear he is trying to start a new Co. how is he doing with that, anybody know?
Hmmm, learn something new every day as I certainly didn't know there was a level of stupidity called, "perfect", perhaps it takes one who has already achieved that level to recognize it when he encounters it. (just saying) Anyway, the point is simple, if the picture was as simple and good as you paint it, there would be new investors, new money and the stock price wouldn't be stuck in the mud and controlled by the hedge's with their high frequency machines. So you see, it's not just my denial of activities or progress based on my form of "perfect stupidity", but the denial of literally the entire market of traders and investors, hence the stock price speaks for itself. SHOW ME THE BEEF!
Any Company's past performance is most usually an indicator of future performance. About 95% of all Company's that have been mismanaged like PGH never recover completely, most actually end up bankrupt, which is were PGH is headed if they fail to make this project work, and if they don't get with the program and hurry up, investors will soon abandon them. Year after year of dragging there feet and feeding investors more and more excuses will not work in todays market. Investors will not wait till 2018 for results with a Co. that they already know can't or shouldn't be trusted, they have lost to much money for shareholders already. Wait and see won't work here, and past performance will not be forgotten, like it or not. PGH will win no races at the pace they are running (or should I say crawling).