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I agree. I'm looking for a pop up into the high 11's.
Could you please keep us updated on what's going on in there. I can't call in.
Good luck to everyone today. It is going to be a wild ride one way or the other!
Any thoughts on SDOC?
What a ride. I picked up some more at .025 this morning. This thing has another year of action at least!
I really hope this gains some traction. We can always toss it on social media and help these guys out.
It looks like some of the other oil plays are seeing upwards of 60% green the past couple of days. I'm hoping we see some of that action next week. Have a good weekend everyone! It's been a long week.
Thanks for the link!
Why would they overstate value going into a Bk hearing? Wouldn't they want to downplay as much as possible? At current valuation I feel like a judge may tell them to pound sand for trying to cancel common shares.
Sandridge is claiming 7 billion in assets and 4.1 billion in debt. People definitely have a chance here.
Commons are cancelled. 401k is safe.
Out. It was fun while it lasted. Maybe we can grab some flips. Nice early play there Smilin.
Agreed. Excellent reference.
Who would you say is the smartest DD guy? Do you have a link for us by chance?
Well, this is encouraging. Thank your for your insight. SDOC long!
The lack of insiders selling seems to be the single biggest clue to a positive outcome when the restructuring occurs. That gets management a vote of confidence in my book. I'm holding what I have for now.
Finally something that isn't totally trashing the company.
Just missed back in at .056....you snooze you lose.
To me it looks like their break even according to the numbers is 55.73. Does that check with you guys? Break even for this particular trust that is. Factor in the money they are making in natural gas and I'm assuming the 55.73 number gets smaller.
I did the same. Wish I would have caught it a bit higher. Not a bad spot to let a few go though.
Monster manipulation here. Do not sell your shares and allow the rich to get richer. SDOC is fine and has told us that through their press releases. They have been very transparent. The 2016 budget says it all! They are now living within their means and with a budget based on oil prices lower than they currently are.
This has been a pretty freaking sweet day. I never thought I would be able to pick up so many cheap shares. A special thanks goes out to all those who can't handle seeing a little red. Get yourselves on back to the big exchange where a 1% loss for the day is heartbreaking. Welcome to the exchange where men and women trade like they both have a pair.
What a ride! Go SDOC!
Even if they had filed chapter 11. They aren't going anywhere. They will restructure and we will all be fine. Everyone keep your pants on. Let the weak hands give their shares away.
Well, I guess we can all agree that gap is filled now. Trying to pick up some more in the 6's.
I'm still in. Bought two more blocks. One in the high nines and again in low nines.
That's old news.
Sure. Why not. I'll buy more. Lol. Market Makers are funny.
Durrrr
It's like the calm before the storm here.
Earnings should come tomorrow after closing.
Excellent assessment!
Ahh. Good call. I don't think I have ever tried selling on market in pennies.
I don't think you can even place a market order in the penny world. I wouldn't sweat it too much. Maybe the price just moved lower after you hit the buy button and your order was further down the line, so it got filled at the lower price.
I do however like a good conspiracy. So maybe you should report it. ;)
Either way, the next couple of days will be exciting here.
Couldn't have said it better myself. Hahaha.
Well, that is certainly exciting. CRC has a couple hundred million fewer shares but this thing could easily run the same way.
I hope they let this thing run today.
Lock your shares up so these guys can't use them against us.
You got that right. Classic MM manipulation going on. Longs stay strong. Don't give your shares to those MM thieves.
So strange. Any explanations for the way this thing is acting?