InvestorsHub Logo
Followers 164
Posts 19773
Boards Moderated 2
Alias Born 12/09/2004

Re: sillyunclekarl post# 33685

Thursday, 08/30/2007 12:59:15 PM

Thursday, August 30, 2007 12:59:15 PM

Post# of 44006
The stock price dropped before the vote on the RS....

It was the announcement of the RS and the unremitting negativity that occured in the resulting discussion that dropped the price.

The RS hasn't happened yet.

I expect the the price to fall somewhat after the RS, as that is the most frequent pattern resulting from a RS.

I further believe that the falling trend will reverse only when there is some positive production news and news about the challenger rig going to work.

Once that happens the RS will be put behind us and the price will adjust to reflect the actual activity of the company rather than the emotions created by the RS. Whether that will be a higher or lower price will depend on the facts at the time.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.