Ya'll are cracking me up. It moved 10% today on 13 mil shares.
Shares are wound tight and people here are wound even tighter.
Wow, calm down. Everyone is waiting for the magic to happen.
No magic here, just DD and hard work. Our guys trying to get this out of the ground are doing the best they can. And the rest of you are sitting on your butts freaking out screaming "We Want News We Want News."
And the boss doesn't? No one is going to hold your hands. If you have been burned in pennies before, then you have two ways to go, buy or don't. Beleive or don't. But, please stop your crying when ALL OF THE NEWS THAT YOU NEED has been given to you already.
A few people have done an exceptional job at interpreting what these numbers mean. Not what they will or what they could mean.
What hasn't been done are the numbers with the the company debt free, with the numbers of Cav.#1 & #4 and that tiny little quote on May 28th
"Based upon the current production of our existing wells..."
Figure all of that out and then you will have done ALL of the DD that you need to know whether or not you can handle being in this one for longer than an hour.
Why is the price going lower...? Easy two reasons.
1) Believe it or not there are people out there that make money by Trading stocks. WHAT? CRAZY HUH!
2) There are other people that want to buy lower and there are other people that are scared or don't understand or just don't have either the brass or the patience.
There are chartists out there that miss the ones that they wake up to and read about on the net. That is what happens when shares are tight. There are plenty of shares out there and plenty of people out there that will give this a heck of a time when it makes a move. IT will move...UP.
Enjoy your weekend everyone.
DD understands what it takes to win
