beyond disappointing... market up two-hundred points today and we fall 4%. Wishing I could buy more right now at these levels but the boat is completely full!
I don't get it... not sure why the bottom is falling out when NG is rising, cold weather across the country and market up 200 pts. I would have thought we would be up 5% today. big time bummer!
Its hard sometimes but the story is not changing.. Simply stay the course with your core shares or keeping adding on dips but stay strong and stay long and you will be rewarded. I am hoping we hit $15 share before the end of summer 2014. Good luck to all longs!
Should have probably stayed away but I have watched this for a while now... seems like a great entry point under $4 pending that oil does not dip below $90 or then all these smaller O&G companies are toast. Good luck... the bottom is somewhere and then its going to bounce up. Long term hold.
negative... they hit earnings and same store sales were basically flat. they are opening a store every month so its just going to keep climbing until they run out of markets which will not happen for another 5yrs or so... even they say this. up to $65 soon.
you don't own anything of value, much less any shares of stock -- any stock. you probably don't even own any socks!
yep.... if you sold yesterday on fear or emotion, you got suckered. Don't try to time this stock... its going to bounce around. I cant not look at it bc its my largest position but ideally with this stock you buy it for your IRA and don't look at it till you hear in a couple years that it sold for $28Share.
what are the worst ways to trade with.... # 1 = Fear, # 2 = Emotion.
Nothing has changed here... back up to 8$ share in the next 60 days.... just normal trading. Don't get suckered!
getting impatient again...so is everyone else. Need good news and earning or asset sells instead of headlining conventions and talking about potential. long all the way!!!
sorry man... I hear you... it was hard yesterday. It sucked hard core. I had to quit looking but was confident about today and the future. I would have bailed as well if I wasn't in at a much lower basis. I have no idea why that happened yesterday.
yep.... 10% no problem. Probably 12-14% actually. Laser focused company about to bring the HEAT!!!! heading to $15share.
"we are cleaning up the Company and repositioning for a much more laser focused entity" foster... looks like soon you will be down more than 300% on your short position since you have been short since $3.00.
Mr. Gary C. Evans, Chairman of the Board and Chief Executive Officer of Magnum Hunter Resources, commented, "By accelerating our non-core asset sales and focusing the Company on our three core unconventional shale plays, we are positioning Magnum Hunter for exception growth in the future. While this was a "noisy" quarter with a combination of asset write-downs and the acceleration of discontinued operations associated with contemplated property divestitures, we are cleaning up the Company and repositioning for a much more laser focused entity. Our industry competitors have significantly de-risked our large leasehold acreage position in the Utica Shale Play over the last 90 days. This has occurred through the drilling of exceptional new wells located to the north, northwest, and southwest of our holdings. While our first Utica well drilled on the Farley pad (10 locations) in northern Washington County, Ohio is not a true test of this area with only 30% of the horizontal section open and producing, we are encouraged enough from the production characteristics witnessed to not only accelerate our leasing activity in this area but also move another drilling rig in for spudding a second well next week. On our Stalder pad (18 locations) in Monroe County, Ohio is our second Utica test which is on schedule to be completed prior to year-end. We will then begin drilling our first Utica test in Tyler County, West Virginia in the first quarter of 2014. With 21 new Williston Basin wells coming on stream prior to year-end and 15 new Marcellus wells located in West Virginia on schedule for production sales in December, we are setup for a substantial production boost prior to January. While our board of directors has not yet approved our capital expenditure budget for fiscal 2014, management is confident in providing a target exit rate on daily production for the Company of 35,000 Boepd by the end of next year."
I really find it hard to fathom that GE would go back on Cramer's show just 2 days before earnings and lay and egg... I really do. I don't trust cramer or GE but I honestly cannot see him screwing up again and giving showing good positive signs on Cramer and then not having something impressive on earnings report on Friday. Maybe I am wrong... not sure why the selloff... its totally sucks but at this point, I think we're at the bottom. got really hot in the kitchen this morning and still is.... watching profits evaporate. Staying long 28k shares.
thanks for the info... I am getting impatient. Need to calm down and just get ready for a nice run up on Friday morning. Everything they talk about seems to be shooting for the moon... they/GE certainly don't lack confidence but just have had trouble executing recently. im all in...
MHR is going to swing 15% on Friday morning... probably up but not for sure by any means. This makes me a bit nervous but staying long!