PWE should be $5.50 at curent oil price
and $7 when oil goes to $65.
pretty much straight up math.
not sure what it is doing at 2.40.
Hedgies holding 10% + stake in OCN are not stupid in my opinion. e.g. one with 12 million shares.
insane, tyring to manipulate the stock in real time. SEC should be watching this.
that it will stay down evern after settlement with CA.
Psycho games to squeeze money from little guys. IMHO, wait a few days, and it be up. Wall Street does want you to know where the stock should be headed,
normally MKT wants little guys to make wrong moves. e.g
Sell when its time to buy and
buy when its time to sell.
You under stand what I am saying. Now, its upto you to make the right moves. That is buy when everyone's scared, and sell when everyone's happy. all IMHO.
just my opinion though
ANALysts can say what they want.
it will eventually recover and likely double within a year.
sliding during vacuum on small volume.
expectation was double digits.
But given the Large Volume. Double digits is not far. Well, let me actually say that it stay in 7, then they will take it to 10.
I wonder if this guy at Arete Research is rigiht. $72 or less. That be terrible though.
thats too big of a volume at that price to ignore.
needing shares cheap. ... Guess what OCN is already cheap @ $7.30 compared to $50. Hey guys, buy all you want. I wonder who has guts to short OCN at this price, after settlement with California. if you do, you must be very brave and posibly not shorting with your own money (may be client's money). I dont know, I have hard time believeing anyone shorting OCN at $7.xx
I wonder if they shorted @8 and covered between 5.75 to 6.00 on Friday. Amazing way to temporarily bring stock down. Was almost unbelievable, that someone holds a note and shorts the stock.
Huge loans portfolio. Dark clouds IMHO may clear any day and be clear sailing .
THe reason OCN goes down is , people selling. I guess lots of people bought OCN on extended Margin that it will go up on settlement with CA. Now the Market Knows how to get to those shares back by making people sell and keep prices low . If price stays low, Margin buyers will be foreced to sell and go away, day traders will likely go away also, as day traders cannot make enough for OCN staying low.
once it is Peace an Quiet, no day traders OR over extended Margin buyers - OCN will go up.
usually takes a few days to couple of months.
OCN goes up when day traders and over extended margin buyers forget about it, move on and leave it alone. it goes goes up when least expected, OCN goes up when people leave it for dead and move on.
In the mean time, I buy hold and wait and wait for good days (whenever they come). 1 day, 1month, 1 year, 5 years. No problem.
anyone think Blue B could have known of settlement with California, that they tried to get shares Cheap ?
Anyway, how invests with Blue Mountain? they are so wrong. Just after they shorted, California Settled. Hope they get their behind somewhat slapped on their short.