Emerald Oil, Inc. (EOXLQ)

[JC4033]

Oilin,
My gut says, "yes" to $1.00. After several weeks of the so called bottoms, we are getting a cyclical range of higher lows and higher highs within a short time frame, and confirmed with the 50 MA chart. $1.15 is key support next few days. Still much uncertainty in the energy sector and the next few days will see some of that minor pullback. SHORT OF FLOAT is at 27%. Nothing new by now, right? As good as futures was looking around $53 to $54 back down to $48.90 as we speak for April 2015. The bears called the raid 2 weeks ago and again in the midst of a pullback. I say we see low $1.00's and possible high $0.90's. You got to follow big money with these plays and they have been manipulating long and short, hedging all ways possible.