Definitely odd that it's not moving with oil lately considering how long it did even after they went to 90% gas. I've been in and out of AREX and it's jumped big the last few days with oil.
I keep waiting for shorts to start covering which I'm sure they are to some extent. I can't imagine there's a whole lot of them shorting at these levels and a lot are ready to cover but either way the PPS really isn't moving all that much considering the movement of crude and the volume is a little above average the last few trading days. MM's perhaps or maybe Gary is visiting the ATM? It is getting hard to stay positive as time goes on but at this point I still think when the pipeline sell's and/or JV comes through we easily go above $1 and fortunately I've average down under $1 and have enough dry powder to get under .80 if I get the chance and it feels right.
It my be wishful thinking but hopefully the delay on the sale is because bids for the pipeline came in that were not expected so they needed extra time to evaluate them and see what their legal options are (are they already legally committed to an early bidder). Perhaps Gary was out fishing this weekend because they have a deal and it's in the hands of the lawyers and bankers to finish the paperwork before they can do a PR for it. Again, wishful thinking it is possible.
I feel your pain but we really only have two options, give up and sale or try to patiently wait. The thing I hate is I still work for a living and it has nothing to do with sitting behind a desk so once I go to work all I can do is check my phone every now and then to see if we got a pop.
It hit 44.99 a short time ago. Up $7 from Wednesday. I'm sure it will retrace some but it's possible we've seen the bottom.
You are either the stupidest long on this board or a desperate short that likes role playing... lol
Personally, I got in under a buck and feel confident I'll eventually be able to put a stop in with 50% gains and let it ride.
I'm not implying the shorts aren't doing great right now and will make a ton of money on this one. What I am saying is the ones that are claiming a BK is coming will be wrong. The longs will get their turn to start making all the money soon. For the shorts to make their money they have to cover and that will start happening soon. At that point the tables will turn and the longs will start making some money. At least the longs that got in under 2 or 3 bucks. Beyond that, anything can happen. Like I said, last time the PPS was this low it recovered to above 8 bucks. I don't now if oil will let it bounce back as high as it did before.
08/09 PPS was in the same range it is now and I'm sure shorts were screaming that MHR was doomed then, with in two years the PPS was above $8!
Late 08 to early 09 the PPS was in the same price range it is now and made it above $8 with in the next year or two. If things come together in the next few weeks, which I'm sure they will, $5 should be an easy target to hit.
Do you have any clue about what a MORON you sound like? Take some advice... don't ever post on a message board again!!!
I would understand it not moving above $1.01 if Relational decided to just dump at that price but that doesn't explain why it was being held up at $1.00.
You would thinks the shorts would be trying to push it down especial after noticing it wasn't moving above $1.01.
Kind of odd that it went from being so volatile with so much volume most of the week to what it did today.
Purposeful manipulation for a possible 8K on Monday?