We'll see......they're not exactly rushing in to buy this turd in the pre-market.
The most important word in the earnings is...UNAUDITED.
Under $9 now that we are 20 minutes into the session. MM's made some fast money on that pre-market pump!!!
Looks like insiders may have sold all their cheap share options. They'll be letting the stock price drift back down to $2-$3 level so they can do it all over again.
Futures are soaring as BOJ surprise easing hits the markets. If this turd isn't green tomorrow then the sorry longs who hold need to find another hobby to waste their money on.
Stay short my friends. 90% odds this does not hold above $5 before year's end.
It's a conspiracy I tell you...a CONSPIRACY!!!!
Blame it on Obama man, he gets blamed for everything else!!!
R U kidding?? This overpriced piggy topped out @11 area and the death march back to sub $5 levels has begun.
Anytime you see a 2-bit Chinese stock pumped up 250% like this one has, all you can do is short as much as you can afford to short and sit back and watch the show.
This dog 'n pony show has all but peaked out.
Sentiment: Strong Sell
"Highlights from the analysis by TheStreet Ratings Team goes as follows:
◾The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Oil, Gas & Consumable Fuels industry. The net income has significantly decreased by 139.1% when compared to the same quarter one year ago, falling from $165.44 million to -$64.65 million.
◾The debt-to-equity ratio of 1.13 is relatively high when compared with the industry average, suggesting a need for better debt level management. Along with this, the company manages to maintain a quick ratio of 0.50, which clearly demonstrates the inability to cover short-term cash needs.
◾Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. Compared to other companies in the Oil, Gas & Consumable Fuels industry and the overall market, MAGNUM HUNTER RESOURCES CORP's return on equity significantly trails that of both the industry average and the S&P 500.
◾MAGNUM HUNTER RESOURCES CORP has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. The company has reported a trend of declining earnings per share over the past two years. However, the consensus estimate suggests that this trend should reverse in the coming year. During the past fiscal year, MAGNUM HUNTER RESOURCES CORP reported poor results of -$1.53 versus -$0.96 in the prior year. This year, the market expects an improvement in earnings (-$0.53 versus -$1.53).
◾Compared to where it was 12 months ago, the stock is up, but it has so far lagged the appreciation in the S&P 500. Turning our attention to the future direction of the stock, we do not believe this stock offers ample reward opportunity to compensate for the risks, despite the fact that it rose over the past year."
Who is Trinity???
Trinity is your worst nightmare if you're still long. Trinity stated in its report that that they still have more information to release. Conventional wisdom says that whatever is still coming, it isn't going to b good.
Sentiment: Strong Sell
If you held long when there was plenty of warning this was going to happen, then you deserve to lose. Keep holding to single digits, I wanna hear you cry harder.