Emerald Oil, Inc. (EOXLQ)

[mario3349]

I still find it amazing that people HOLD a stock thru a reverse split and then complain about it afterwards. If a stock is going to do a reverse split; IT IS ALMOST NEVER good to hold thru the reverse split, like 99% of the time you loose money. SELL and buy back in after the dust settles... Look for this to find support in the mid $5 range and likely over the next few days RAISE slowly to the $7 range or above, PROVIDED there is no further dilution. If $80M dollars is/was being raised with share sales it likely would dilute to about 18-19 Million shares total float BUT from the press releases it appears the whole stock offering plan was scrapped (for now). That's not going to kill this stock. The capitol spending budget of $65 Million for the year has already spent $42 Million so spending will taper from here. Production is increasing to make up for lower crude prices. I don't care about BEFORE the 20:1 reverse split but for now this is a BUY, kind of a no brainer, just don't marry it. There is money to be made here for the wise. JMO