about 18.50 would be the fibo 38% retracement level from the Dec '14 low, and about the same level as the roughly triple top in Nov '14. fwiw.
the MONIF volume has been all of about $4mm, if you go by the volume stats, which may or may not be a double count.
interesting chart here. seems to have finished a very quick triple top pattern, with the 23.6% Fibonacci reversal line (from $4.30 bottom) as the support, right around 7.35. Came up off it twice then broke to to $7, which going back to mid Oct, looks like an interesting level, which also looks to be the start of that entire short pattern about 4 days ago. algo day trading moves these stocks big time.
North America total rig count -10% in the past week. -45% YOY. Remaining rigs garnering discounts? Service providers must be feeling the heat big time in revenue & margins. We'll soon see who put away enough acorns for winter.
Sanchez Production Partners LP (NYSE MKT: SPP) today announced that it has engaged Lantana Energy Advisors (“Lantana”) to assist with the possible divestiture of its assets and operations in Oklahoma and Kansas.
This is how a sale moves forward, instead of ignoring it on all your calls & press releases: Whiting Petroleum spikes on a Bloomberg report suggesting Exxon Mobil could be interested in the company; trading is now halted for volatility. Continental Resources, Hess (HES +0.4%) and Statoil also are reportedly looking at WLL, according to the report, and WLL has set up a data room for potential buyers to evaluate the company’s financial information and asked them to submit bids next week.
Did you tender your shares yet? Classic one dimensional thinking.
The point was, as the hopium crowd jumped to the conclusion that because ACAD missed a conference, they had good news, the other side of the coin was that maybe they had bad news, and therefore skipped the conference. Then there is always door #3, where the presenter got the flu or something and just couldn't make it.
Just saying, better to wait for the facts than to bet on the fiction, especially when you have no credible edge to up the odds on the fiction becoming fact...
And, it's spelled Parkinson's.