SandRidge Energy, Inc. (fka SDOCQ)

[LouisDesyjr]

People saying SDOC will not go BK

It is called Confirmation Bias.
https://en.wikipedia.org/wiki/Confirmation_bias

It happens all the time, especially in a stock like SDOC. The people who have bought, especially at higher prices, are tending to discount or discredit any information that does not conform to their already determined belief that the company is going to recover.

Anyone who has been in the market for a while will see this over and over again. It is going to happen here with SDOC.

In spite of the fact that the company has been losing money by the truckloads, and equity is hundreds of millions negative, and oil prices are even lower than the latest 10Q report for period ending 09-30-2015; you are still going to have people saying 'its going to come back'. Over at RSCHQ, there was one poster who still thinks the stock may trade again someday, even after the shares were canceled on the effective date of the reorganization plan and others explained to him that the common shares are dead.

The same thing will happen here with Sandridge.

For the more adventurous and have a high tolerance for risk, you can wait for the BK within 30 days, load up on some shares after the BK crash. Then when the DIP gets announced the muppets will 'pile in' and drive the price up because they think the company is now save. They do not understand that the DIP has superpriority in the classes and that they are even further away from any recovery in the BK. At that point you unload for a big profit, leaving the muppets to wonder what happened months latter when the shares are cancelled. There is nothing you can do for the muppets, even when you carefully explain what is going to happen to the muppets, they just refuse to understand and still 'pile in'. They are like lemmings and can't help themselves. It happened recently over at Arch Coal (ACIIQ) and the price is still near $0.50, after being as low as $0.11!

Louis J. Desy Jr.