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3 month chart this is still trending up, consolidation now, if she drops tomorrow I'm adding before earnings.
I got in early this am, after the first drop, (I rarely flip ) but put a sell order in when it was .075 because it was having a hard time breaking it, made a stupid mistake and sold market instead of limit, etrade screwed me down to .073. Oh well, took a small profit. Going to watch oil tomorrow. See what the morning does, if drops off where it is now I'll add again.
This was all due to that article yesterday and the regurgitation of that story. I just have a feeling that they are working it out behind the scenes. I wish they would Chesapeake merger just because they play in the same sandbox. Who knows.
http://www.thefiscaltimes.com/latestnews/2016/02/08/Chesapeake-Energy-hires-restructuring-lawyers-sources
Here's a little story by jessica and stone that they got wrong by there "sources".
E trade said may 4th, people on here said may 10th. My guess the 10th, with an extension. In the mean time, probably weekly seeking alpha articles and more Reuters junk until then.
"They requested anonymity because the discussions are confidential" , interesting how these "reporters" always get an inside scoop. That would be considered privalaged information of which could be deemed insider information and the informants job plus criminal action. So I especially take any story from rueters with a huge grain of salt. If this story came from Canada the owner teppers is a billionaire hedge fund manager.
Anyone know when q1 Financials are expected?
Thanks! Last fins people freaked, let's hope better this time.
Are Financials due today?
What the heck was the late day surge all about? Huge! Someone knows something. Someone was willing to Chase that up ! Wow. Curious to find out , what news brought that out.
Nice dd, u get a follow, thanks!
Who's shorting from .0001? Huh?
That Co has 136mil os, this a multi billion, why would a Co with revenues need to reverse merger into a multi billion dollar float? I'm not saying there isn't $ here just be careful. Look at strikeforce, much of the same hype then crash. Don't chase anything. Billions of shares available. If it was so strong Friday 3's would of held, imo.
Feels like a pinky scam. Can there be $ to be made yes, will there be huge bag holders, hell yes, 3 bill shares, don't chase anything.
Well dip financing would be a death blow. Common shareholders rarely come out with anything in bk. We all know dip financing is pre bk. I think the ceo stated the first half "James Bennett, president and CEO of SandRidge, stated the Oklahoma City-based company will be cutting down capital spending by around 60% in 2016 compared to 2015 to ensure liquidity while advancing operations."
But without a paragraph to separate out what could be the authors statements it's unclear where the quote ends.
" Much has been written about SandRidge’s declining stock price and precarious finances; recent developments could lead to a complete reversal in the coming months. " (this part)
The author is on twitter. I don't tweet, could someone ask the author to reclarify. If the second half is part of the original quote then maybe they have news? Chesapeake merger? Who knows.
I think the thing to do is keep up on his twitter feed where he updates his Google doc of for sale companies, when igpk gets taken off that list then that's the buy signal. It's an attractive shell because the Edgar filings are up to date and it's still registered. So if anyone sees that change post it here. In the mean time I think this gets walked down to .0001. That's where they want the pps to be when a new company reverse merges into these shells.
Did Bennet say the last part of that paragraph or was it the author? If he said it, that is huge, if it was the author then less exciting. But good none the less.
Two years ago I had emailed Mike, I said I thought may was going to be a good month for abattis, he agreed, I dropped more money into this thing, let's hope two years later may will be a good month, let's get that controlled substance license!
Omg, that means r/s this week. Oh oh. Who's the "authority " ?
No k they aren't taking them yet. Sorry.
ALIENS LAND AND CONVERT ALL OF TRTC'S MJ INTO GOLD BARS, PR MONDAY, WE NEED A PR, SHOW ME THE MONEY, WHAT'S NEXT UNICORNS , the level of strange pumping here is almost comical. Worth just the reading. I hope it goes up, but on merit not hype.
FTE is taking EBT welfare cards now through etrade.
Would be the best use when I think about it. Add that to the presidential debate. Lol
My magic 8 balls says no....wait..maybe... wait yes. . Wait. ..says shake again.
Damn magic eight balls..ugg!
Confusing pr, one hand they are saying they are suing for defamation of bk rumors, then they go on to say they are not making interest payments due to liquidity. Huh? Weird.
Holy! Someone dropped a $129 today ! Lol
Oil going up again fast, just broke 46 again from low 45.43, if this hits 46.50 and sdoc is still staying down might open a small position.
Lmao, but hope so, I'll load!
Natural gas moving a bit up, if oil rebounds late today back up above 46.50, could be a 10% intra day flip, just my opinion. With the delay between oil spikes and sdoc move off that it's worth a eye.
It's because oil did the same, under 46, but interesting thing is sdoc is about 10 minutes behind oil, if oil pops back in might be a quick play on a few dollars. Who with l2 seen that big t trade? What was that all about?
Distributions?
Crude oil resistance of $46 broken, c if it holds.
Next run coming, hod, imo. Oil climbing, can it hit $46 today?
This is my thought middle term on oil, it's less about supply and demand and more about it being a commodity that is manipulated. Hedge funds made an ass load on the way down and when they basically say it's time boys, this thing is going north and fast! Just go to the gas pump. Watch how fast that goes, the same is with oil futures. Hell yes Sdoc is tied to oil prices, it's evidence the last two days. Imo the reins come off oil soon, summer almost here, higher demand, hedgers and commodity traders will get in now while they can.
Oil 45.52 ytd high, going to 50, and soon.
Boom, there goes oil again, ytd high!
Oil seems to be stabilizing and heading on it's way back up to $50. My guess is behind the scenes successful debt negotiation of that April 20th payment. With there liquidity that seems logical to me. Sandridge doing some small hiring again things look positive long here. I can't see a bk in 2016. They have cut costs. Someday this stock could move .08 in a day. I'm long. Let's go!
One thing that I noticed here is that people really hang on pr's. Almost expect daily updates. Pr's cost money. If this ever moves to nasdaq don't expect that kind of stuff to fly out weekly. Imo.
Exactly what I've been trying to say.
I agree, I think one word about that April 20th debt payment issue to the positive and this flys! My opinion people are waiting on that news.
I remember this post, was stickied By sporty. This is my take, on the day of the shareholder letter there was like 300,000 shares exchanged of a 46 mil float. Not all of those 300k shares traded that day where all sells. If this r/s was the biggest screw job ever in history to existing shareholders this pps would be sub penny. So my take is I believe what is in the shareholder letter over posters. I believe that our stake in the company post r/s will be the same. Yes there will be dilution but to whom and for what purposes I'm sure will be to the betterment of the common shareholder. So why hasn't the companies pps increased? I don't know. Maybe the float is locked up. Who knows. It's a definite hold until both q reports surface for 1 and 2 this year and then if your worried sell. The shareholder letter also addresses many things, it's worth a multiple read.