VOLUME really low considering % gain. Where the profit takers?
Nice momentum trade.
PENNY STOCK AGAIN
release and I'll be looking for a trade. That said, I'll take the trade gains and sit on the sidelines for the actual earnings report. WHY? Because imho, there's a better than 50-50 chance forward looking statements could crush gains ahead of earnings.
So for those holding shares here ahead of earnings, I wish you well and ORIG upside thereafter will have to have some surprise contract, hint of same, or something to keep this rally from dropping right back down. Maybe OIL will continue higher the rest of this week and next MONDAY before close.
Interesting response. I think I understand what you said, but I heard like messages on HMY when it was recently below a buck.
Psychology 101. You missed to huge runs from under a buck, with the last one from .75 to $2.54. So resistance is in your own head. Hell I to would welcome sub $1.00 again to load up a 3rd time, but it's very likely not going to happen following 30M share volume to mid 2's in a few days.
Paul, I suspect the majority of shorts here made a killing. That said........
I made my first buy under $1.50 and majority of shares added under a buck as posted here in real time. I'm looking for our next support here for my next scale in buy. Keeping my core position long term.
After noting huge VOLUME (record volume a few days ago at 9.7M shares) nearing 30M shares in one week. Today OIL continues lower and markets tanking, but imho "ORIG" holding up very well all things considered.
My spin today is LOW LOW volume and the stock not really down much at all. HEDGE FUNDS noted by ZACK buy rating etc. points me in the direction of scaling back in today and lower if all seems well. Like you, I believe earnings will be OK, especially given the reduced total shares being considered.
Love to get a 3rd shot and sub $1.00, but not likely that will happen unless OIL tanks again.
Glad I got out on last fun to 2.50+ and hoping we continue lower. Volume clearly falling along with stock price, so I'm sitting on the sidelines with core position and waiting for lower trading shares.
stock. Those of you seeking sub $1.00 clearly missed a massive run and that's to bad for you. That said, it's been below a buck twice and made many newbies here awesome returns.
Personally I'd welcome sub $1.00 again, but not expecting OIL to drop significantly again anytime soon, or for several more years MAYBE.......
OIL rally losing steam, so I'm looking for CHEAPER SHARES again soon.
Personally, I'd welcome shares back LOWER AGAIN.
Always feels good when I follow my gut and get out before PROFIT TAKERS and SHORTS stomp on my shares. Got out yesterday just in time.
Glad I took gains as I had cautioned a potential reversal. Tomorrow will be interesting to see if markets continue reversal and continues lower.
As anticipated, OIL didn't do much of anything.
There's several reasons why ORIG's stock fell to .66 cents, but yes the RIG purchase seems to be a great buy as long as it doesn't become bad timing.
not really moving much as we close in on open. TRADERS here should use some caution as OIL flat after recent daily pops ahead of open.
SHORTS here have been crushed. Well at least those to stupid to take gains, or shorted way to late on downturn. Personally, I've been taking gains in pre and if I see any signs of a wall and reversal, I'll trim more gains off this amazing run up.
SHORTS could attack here again, so I'm watching closely here.