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"Dude iligence" -- for $100,000, I will spend my valuable time to answer your questions. That's just to compensate for the aggravation. Questions to be limited to 5 in number. Subject to be restricted to stocks. Answers not to be construed as investing advice. However, I will not go back and read all your posts regardless. (Why do you require so much personal ATTENTION?)
Jptrick, THANKS.
Some people believe that when they walk down the sidewalk, it is their physical movement that causes the clouds to move. Usually, these people are under age 4. But apparently not always...
You are factually wrong on many of your ignorant assertions in this post.
Only time will tell what happens with SGY, not you, and not I.
Ciao
Dude iligence: Only Time will tell what happens with SGY -- not you or I.
The comment I made was merely that a very knowledgable person said that the Russian economy cannot well cope with oil prices under $30. That had nothing to do with this or any individual oil company.
Regarding your insults: 'did I just get out of daytrading training school?' -- 1) I never day trade. 2) I am not a professional trader and am not set up with fancy computers and software and do not run daily scans of loads of stocks based on sets of criteria. 3) I am highly flawed and sometimes make mistakes, 4) what training I had several years ago was never intended to apply to penny stocks, and indeed, it is generally advisable to avoid stocks under $30-$40. Furthermore, I was unable to systematically apply what I was taught and drifted off into a style of trading that is partly 'visual investor', part 'behavioral analysis', layered with character flaws and domestic distractions, and finally topped off with that toxic but tempting frosting that seems to cover all stocks under $4.
Jolly on you, being such a genius that Reuters is plagiarizing your writing from iHub messages board posts. It's clear that you should be publishing under copyright somewhere, so that what you write can be preserved for posterity, and so that schools can assign your writings to students for homework. I, however, am busy every day and, regrettably, have no time for your assigned homework of reading your past posts, or deciding if a Reuters article plagiarized anything you wrote.
My sole interest here is the behavior of SGY share price - near term, intermediate term, and longer term. For this, I focus on the charts, the filings, such news as I can find from responsible sources, the trend in oil prices, and my observations of the pattern of behavior of shares in this particular company over 7 years.
Bashing of companies on iHub often seems suspect, especially when done repeatedly by the same source.
"What is the one thing that cats and narcissists have in common?" "The only time they are not trying to manipulate everyone around them is when they are sleeping."
Despite the naysayers, and troubled history, I have to say, it seems pretty solid here from my view.
Please don't make those the first two words in a post.
Yes, and some of us were surprised at such run-up on a Friday afternoon. By Monday, it looked like the Friday momentum combined with the "disappointing" or hard-to-interpret 10-k published AH on the Friday created shorting opps or just rash sell-off by people scared of the recent trough. Maybe this time prudent sorts are waiting to let things settle out after the post-options week Monday is past. I will look for a direction Tuesday-Thursday next week.
To get closure on Last note, I was saying I hate R/S as much as anyone, but I have never seen a more rational and well thought out case where it does seem the appropriate given what oil prices have caused.
To get closure on Last note, I was saying I hate R/S as much as anyone, but I have never seen a more rational and well thought out case where it does seem the appropriate given what oil prices have caused.
Okay, so they probably have to do a 1 for 5 to stay above $3, and their options for institutional investment are much better if they are above $10. If they do a 1 for 20 R/S, shares will be more scarce than now - even after a dilution, so the post R/S shares will allow investors to buy on margin at probably 30% of capital, which will favor investment much more than any share price under $10: under $10 can have 50% or 70% or 100% margin requirement.
I'm trying to say, they know what they are doing in a sophisticated environment for oil and energy investment.
I hate R/S as much as anyone, but I have to say that I've never seen
A very wise stock instructor told us that Russia cannot operate with oil below $30, so I think the worst is past.
AGREE, jptrick...
Even a small trade at 1.63 AH, and no one willing to sell below the close, despite weekend ahead. I dunno , I feel pretty good taking a small step today, and I hope others with far more sense than I have will see what has happened early in the week and act upon the oversold (imho) condition.
Maybe I'm way wrong, but I believe in this company. No mere mortals ever get the exact bottom; I'm used to 20% drops when I buy before a reversal.
Be fearful when others are greedy, and vice versa...
Only time will tell.
jptrick - Thanks for your words. I have listened to their conference calls in the past before the shares got too pricey. I can assure anyone, it is MEN, not boys, making decisions there.
The article was on Reuters 3/17, if you would like to read it. Just search terms SGY Reuters March 17.
You seem to have an excellent perspective.
Just put my toe in the water after studying the options contracts. $1.40 seemed like the tipping point. I'd like to see $3 again once more before May without all the proposals decided about. That's less than 10% of their highs past 2-3 years. I'm hoping it's turn around time.
You know what Warren B. says...
I really do not think they would be approved for bankruptcy right after borrowing $400 million: that would be considered fraud. I think they are being shrewd and aiming to survive by taking a loan they were already approved for before an anticipated credit squeeze by banks toward oil producers.
I'm not knowledgable about these things myself: I read it in a major media source about the coming credit squeeze for oil companies, which stated several oil companies that have done this recently.
I think they are trying to survive until oil prices turn around. At the worst of 2009, they were around $4, then went to $40. They now seek to insure that they will not run out of cash or get delisted, before oil prices turn around. A dilution of 2x, if a single event, is survivable. I hate reverse splits as much as anyone, but to keep share price minimum they would have to r/s if they increase float/ dilute in this current price range, and they already have a modest # shares trading. They aim to keep their options open during the oil trough. Competition is now fierce to cause minors to cave.
The 5 million buy AH today very roughly corresponds to the shares they want for stock incentives after a 1 for 10 RS, though that big trade may have nothing to do with the company buying those shares. I just thought it was a remarkably large AH trade that requires explanation.
Is it possible that a BIG oil company is buying their shares by the millions to gain some control, and that they might get bought out for their assets, which will be worth more when the price of oil improves. In the alternative, is it possible they are buying back their own shares to halt the catastrophic response to their recent news and proposals, and/or to insure they or other insiders can vote the majority of shares?
Saw that someone offloading at .08, but ... Why?
March options expiration week often hard on weaker co's
Thanks.
So, are you saying Notis would not receive the revenues from Whole hemp and related operations that shareholders were led to believe? Are they trying to insulate themselves from direct cannabis growing to have better access to conventional funding or something?
When JohnCM is tempted, it's REAL.
Next stop .15
djculli -- do you intend to apologize when it reaches .18 or .25??
Then several of us need to request a meeting with the director and board, if you are confident that there is nothing left to expect but more of the same as occurred under past management. And I would say this meeting must occur before April 10.
Good Man, Satellite! After my own heart.
Signed,
waiting for .27....
Or sparing us all a nervous BREAKDOWN for the moment??
waldo3:
Re: "The one thing he is correct about is MDBX closing."
Would Mr. Goh confirm this if asked?
Many have been badly burned, but why mount the significant effort that they have, if they are near to closing down? Please provide facts behind your strong, terminally negative assertion. Thank you in advance, for your time in answering my question.
WELL DONE, 5 DOG ED.
Really admire your persistence.
How were you able to find the correct tel#, if I may ask...
Time, and only time, will tell.
I think headed for .12,.15,.18,.225,.25,
And if it breaks .27 will regain .33 then .50
A very good analogy...
Or, some say, this is more positive than I thought before; maybe I should wait and see before selling off every day...
Let's break out to 15-20 cents range.
You have too much sense, my friend.
Je suis bien sur tu a raison.