Miller Energy Resources, Inc.(fka MILLQ)

[THREE-DAY-TRADER]

It is always what a stock appears to be (so pessimistic a situation) with total doubt in situations like this when it is getting killed into lows.
In hindsight people often say after a stock like this moves up from oversold conditions, "I wish I'd have bought" for example.
Good traders side-step emotion & therefore buy a low, beat up stock when worst expectations are priced into it.

It is possible MILL is signaling something worse, but I am speaking in general terms what happens typical with people and stock trading. People often think worse is coming and let emotion affect them preventing them from buying, and thus miss a good buy opportunity.