SandRidge Energy, Inc. (fka SDOCQ)

[Smilin_B]

Sandridge Energy is not filing bankruptcy.

Although that may be your opinion, there is absolutely zero evidence to back it up.

The fact remains that the company has hundreds upon hundreds of millions of dollars in cash at their disposal as well as having just tapped into more credit. Why would their credit source allow them to draw down on more credit if they felt the company will be filing bankruptcy?

Your theory is flawed and you will be missing out on one hell of a fantastic reversal of trend on the shares.

My initial price target/area of resistance resides @ .08/sh. The last time this stock at 2 white candles in a row like this, it doubled within days