Could happen any moment. Analysts who made their estimates and stock price targets in Feb or March when oil was 100% lower than it is now will have to revisit their outdated predictions. If I was short I would be sweating about this. Good luck. I'm a shareholder.trader. IMO
Orig has 50% institutional ownership and I think one has been dumping since Friday. The ask size has been bigger than the bid side the whole time. Not going up till they are finished. Doesn't mean the stock stinks or that they won't finish soon. They probably have a nice profit already and are taking it. My opinion.
I sold last week for a loss. The co will HAVE to reverse split at some point soon. Now that the stock price has crashed. I think this weighs on the stock price. Sales of solar panels to spaceships are a pipe dream I think.
My opinion. Lots of penny gamblers here. will prob bash me now.
Good posts. To beat earnings by so much is a catalyst. This stock will not 'sell the news'. Look at ehth recently shocking earnings beat and it spiked day after, retreated a little, then kept going up since. No one really knows what is going on in ehth either. I bought 17k shares Friday at 2.40. Hope I'm right. I'll take profits soon though. I've never traded an oil stock before. Good luck.