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?
Actually, I have been in and out of MHR since $6. There just haven't been a lot of positives to talk about until now. I do believe the tables have turned for them and the BK that the shorts were banking on is no longer a threat.
MHR didn't go from $5 to under a dollar in a couple days and it's not going to go back to $5 in a couple days.
But the fact is, it is on it's way back up. Todays 8K is just one of several catalyst to keep a trend reversal going.
Remember the 3 most important things, the JV gives them the capital they need, the pipeline sale will give them the debt recovery they need and there are people that have been shorting since 5$ or higher that will start covering!
The way I see it, this is great news. it confirms the deal is being done providing MHR with plenty of capital and then once the pipeline sale is done MHR can commit that much more to pay down debt. With a little luck nat gas moves back above $3 soon. MHR is very close to making it to the black and putting profits in the bank. It took time for the PPS to drop from $5 to where it is now and it's going to take time for it to get back but I wouldn't be surprised if it gets back in about the same amount of time.
Everybody that was shorting since 6 or 7 dollars will start creating upward pressure over the next few weeks if not longer.
My guess... after the big pop and hold yesterday a lot of people shorted at the top thinking a pull back was a definite. The 8K has them nervous so there trying to pose as longs and act disappointed.
20% pop on no news. I'm thinking shorts are realizing it's time to get out before a PR comes out about a JV.
Not enough shorts willing to take a risk and try to drive the price down. If it's popping like this on no news what will the pop be on a PR? Now all it needs is for Relational to get out so the speed bump on the upside is gone.