Stone Energy Corporation (SGY)

[dude iligence]

jptrick Hope is not what drives stocks. It is an indicator that things are bad when you read it in the shareholders posts. I don't own SGY I'm a dot. I said it was high risk and use tight stop limits. I was stopped out yesterday and after the proxy announcement most likely wont play SGY. It had a pop at the open that was and is a chance to bail. The news is not just bad but it is DILUTION and DILUTION KILLS EVERYTHING. SGY's 52 mil float and large institutional and hedge funds is what made this a great trade. Those will be gone long before the proxy vote and chances are SGY will be well below a $1 by then. They are going to start dumping shares, most likely the insiders have been dumping all of their own shares this week.

Most likely the Proxy news hasnt been seen by a lot of shareholders yet.
KD Bar the Door time to go

HAND GRIPS - RAISE
TRIGGERS - SQUEEZE
BAIL OUT BAIL OUT BAIL OUT