Idid that and it didn't work. I bought at 5.05 yesterday at closing and now it is 5 in the morning.
The company has had a burst of news flow this week; following a positive operations update on Nov. 27, details emerged of a letter sent to the board by leading shareholder Clinton Group, demanding a number of changes to the company's activities, aimed at unlocking the intrinsic value of Abraxas' assets and reducing its debt. Clinton Group's view is that the fair value of the stock is $4.35 -- double its current price. Abraxas followed this on Nov. 28 with updated guidance for 2013 production, which it expects to be approximately 21%-28% higher than 2012.
I took this from the web. All long should put their stock for sale at $4 to prevent shorting. Add as much as you can. This will be $4 in few weeks. Just hold. This is my HO.
Sentiment: Strong Buy
It seems we are going to see $1 before $5. I am a strong buy on this and I have 10000 shares, but the way it is moving is unrealistic. Any suggestions.
I am asking the same. This is supposed to be $4. I bought at $2.45 and now it is $2.
Any recommendation. Should I average down or sell.