Magellan Energy, Ltd. (MGLG)

[retireb455]

I think the market expected a PR with numbers. Today's PR, although good, didn't give numbers, and the day traders fled. This stock is heavily day traded, and they rode the pre-PR rise, and fled after it disappointed (them). They will be back as the "real" PR gets closer.
I like this stock and see this as "accumulation" time. I know most of you are already embedded long, and are probably getting anxious for this company to be whole again. From the DD i have completed, this stock is a bargain only because of the "shut-in", and now it is back in production. Even if the prod numbers aren't HUGE, they are back in Production and that in itself is huge. So I will play catch up, and accumulate. I added 1.5m shares today and may do the same tomorrow.

MGLG leveraged the AS to sustain their operations, which is what pennies do. This is better than the flip side where companies dilute to steal. This company dipped into the AS to sustain their business. From what I can see, and read, this company has good "oil and gas" people working in it. It would be far worse to lose their people with strong skill sets and knowledge because they're shut-in, and cant make payroll or lease paymetns. So they diluted to sustain and keep their employee base and leases intact. Makes good business sense. The PPS on this stock is waiting for "real news"... Production Numbers, and I will be there to see it thru. Good Luck all...

All in IMO only. Thanks JP.