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where is the bottom?
I'm getting killed here
going for more 2012 Jan $5 strike at $1.00
Price Alert for SandRidge Energy (SD)
Posted on 08/18/2010 by Leo Goldman
NEW YORK (Market Intellisearch) -- SD options saw interesting call activity today. A total of 780 put and 2,507 call contracts were traded raising a low Put/Call volume alert. Today's traded Put/Call ratio is 0.31. There were 3.21 calls traded for each put contract.
Options can be used as predictors of stock behavior. Investors can use Put/Call ratios as technical indicators to read for signs of institutional sentiment. The Put/Call ratios offer insight to investors and can be used as either a direct or contrarian indicator for trading decisions. Unusual volume provides reliable clues that the stock is expected to make a move.
SandRidge Energy (SD) closed at $4.49 in the last trading session and opened today at $4.53. SD is trading at $4.50, up $0.01 (+0.22%) in today's trading session. The daily low is $4.49 and the high is $4.63. The trading volume of 9,224,329 is below the average volume of 10,638,600 shares. SD is trading below the 50 day moving average and lower than the 200 day moving average. The technical momentum Relative Strengh Index indicator shows oversold conditions. The stock's 52 week low is $4.35 and 52 week high is $15.00.
http://www.marketintellisearch.com/articles/1042240.html
Light at the end of the tunnel
SandRidge Energy hasn't been as fortunate as Frontier, despite returning to profitability, and handily beating analyst estimates. Its recently completed acquisition of Arena Resources burdens it with debt just at the time that revenues are weakening more than the Street thinks they should be. While SandRidge beat on earnings, revenues were a huge miss. The market has bludgeoned the stock price, sending it down more than 60% over the past 12 months. In fact it's down over 50% just this year.
Seems the market is discounting SandRidge's move into oil, which gives it a more diverse revenue stream going forward. When natural gas recovers -- and no one really doubts that it eventually will -- SandRidge stands to gain on both fronts, perhaps more than Chesapeake Energy (NYSE: CHK) as a natural gas pure play.
This stock is crazy oversold at this point, when you account for the joint assets after the merger. This is either an easy 5 bagger from here, or a takeover candidate at these levels. Even if you assume oil and nat gas NEVER increase again, and even decline from the levels we are currently at, this stock is grossly undervalued. Strong insider buying now.
also trying for some jan 2012 $5 calls at $1.20 might not get them today
i added to my position today at $4.40 i'm deep in the red on SD but i could not refuse the cheap shares today GLTA hope this turns around soon
NEWS?
looks like we might close green maybe?
well here it is
USOG CEO and us
USOG
i have been out of this for a while and glad i have been i will not buy back unless USOG goes down to .000's
i don't see a sell off i see buying!
.009's are up
edit: .008 NITE is going to try and cover as low as he can
if this keeps up we could end up over a penny where it should be
looking good it's about time
Cramer on HERO
06/03/10 - 03:32 PM EDT
NEW YORK (TheStreet) -- "This is the most rumored day I've seen in ages," Jim Cramer said on his Thursday Stop Trading! segment on CNBC.
Cramer said he was overwhelmed by all the news Thursday, and that the market's been "schizophrenic," as it traded on the euro, oil and job creation.
As BP(BP) continues to grapple with its leaking oil well, shares of shallow-water driller Hercules Offshore(HERO) are surging.
Cramer said that the firm could be hired for relief-well drilling, making it a "great homerun" for them, he said.
On Wednesday, President Obama endorsed natural gas for the first time, as he addressed an audience in Pittsburgh. Cramer observed that on-land drilling plays have been going up since the president communicated his belief that natural gas procurement is the lesser of evils when compared with coal mining and offshore drilling.
http://www.thestreet.com/story/10774231/1/cramers-stop-trading-hercules-vmware.html?cm_ven=GOOGLEFI
only got a partial fill that day i'm dumping the rest at .012 i'm pot committed now hell i might even buy more not sure yet when or at what price was thinking of buying the shares i sold for .009 for .006 to recover my loss the other day
great i knew this was going to happen can't even get a bid for .006????
i have been in too many pinks where i have seen this happen .05 down to .000's looks like i will be writing this off on next years tax's
because people need to know how this CEO is running the company
have you ever been in a pink sheet reverse split???? if not congratulations
let me tell you it's the worst ride you have ever had in a stock
i have been in a few and it sucks almost a total loss
FYI i bought $900 of a stock at .0001 then they did a reverse split only to bring the stock back to .0001 at the end my $900 was worth only $1.50 a loss of 99.999999999999999999%
by all means buy buy buy XOMA all you want i'm just saying it might be easier if you just mail ENGLE a check and save yourself the pain of watching your investment go down the drain
getting closer to my .37 prediction yesterday if any longs want to save there money get out now if even for a loss....your first loss is your best loss as this could turn out to be a total loss after a split but don't listen to me or ferryman just look at ENGLE's history here that is all the DD you need to get out now
XOMA does not look good at this point dilution after dilution this is an ATM machine to the CEO he is going to
DUMP
DUMP
DUMP
DUMP
DUMP
DUMP
DUMP
DUMP
DUMP
DUMP
until the price is so low then there will be a reverse split mark this post!
AND EVEN LOWER
The Trend Continues WAY Lower (XOMA)
Written on Wed, 05/26/2010 - 3:30PM
By SBCJR77
SBCJR77 identified a Downtrend for XOMA IN 2010 at $0.80.
In approximately 1 week, XOMA WILL BE AT .37
COMPARED TO today's recent price of $0.49 THIS WILL BE A BIG LOSS FOR INVESTORS
XOMA is currently BELOW its 50-day moving average of $0.62 and below its 200-day moving average of $0.69.
Look for these moving averages to decline FURTHER AS the company's downward momentum WILL CONTINUE
SBCJR77 will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of XOMA.
SEE YOU AT THE BOTTOM
XOMA: The Trend Continues Lower (XOMA)
Written on Wed, 05/26/2010 - 6:40am
By Chip Brian
SmarTrend identified a Downtrend for XOMA (NASDAQ:XOMA) on May 20, 2010 at $0.52. In approximately 1 week, XOMA has returned 5.6% as of today's recent price of $0.49.
XOMA is currently below its 50-day moving average of $0.62 and below its 200-day moving average of $0.69. Look for these moving averages to decline to confirm the company's downward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of XOMA.
i sold out of this a while ago for a loss over all i'm still up on xoma as i flipped it many times over i will buy back when they hit a new 52 week low in about a week nothing is going to move this stock to the upside nothing not even good news
xoma could make 500 billion dollars in 1 quarter and the stock would move up .01 cent on maybe about 500 shares
am i the only one who has noticed that you can't even sign into ifinix and or even sign up? for the past 2 days?
my only problem here is good news makes the price go down here
although i didn't sell my entire position was only able to sell 150,000 shares so i might be stuck with the rest until i hear good news from the company as been posted here.
hey ben you are more than welcome to buy stocks of your company here show some faith
thats me on the ask anybody else want the rest your free to have them
already started there is more i only got a partial sell
if i see 1 .008 get printed i will dump all my shares i will not play this game too many good stocks can be bought right now to deal with this
and if i dump it will hurt the PPS
grabbed 50k at .0105
looks like the MM's are going to help us longs get some cheap shares
i sure would like to add some of the .01's
could not agree more NITE has a big spread here .012 is a big fake wall if we get volume here i say this will trade in the .02 range i am already surprised we are not trading at the .02's by now
but then again i don't care at this point as i am as long as they get here so if i could get a million at .01 i would be so excited
any PPS under .011 is not for sale to us they must be trading those shares between each other even if you had a bid for .0105 they would give us like 200 of those on a 200k order .011 could be the cheapest one could get in at this point but i could be wrong
i have been in a few reverse split stocks and it can go both ways
i was in Berkshire Hathaway before there reverse split and it went good the stock went higher same with AIG
but on the other hand i have been in a few that went down to where it was and and more so i guess it's a luck of the draw
if the stock was trading at .50 and you had 1000 shares and there were 10 million shares outstanding here is what would happen:
after the split you would own 100 shares but they would be worth $5.00 each and there would only be 1 million shares outstanding
so if you bought 1000 shares at $0.50 = $500
after R/S 100 shares at $5.00 = $500
hope this helps
correction
there would actually be 10 times LESS shares in a reverse split
added 50k of the .011 today
808 shares traded at .0105 for a grand total of $8.48 nice try MM's
getting closer to swatting the bug at .0008