Help me out man. So I bought 5000 shares. Do you think I will benefit with a long hold untill June/July maybe? Hope not to see a R/S and this goes to atleast $1..whats your take?
I was replying to all-ins comment where he/she referred to my suggestion of a .06 range as BS based on his/her "17 years of technical trading" experience. So check before you comment. I work in the oil and gas and have been here a long time. Trust me when I say, I know what it takes for Sandridge to be profitable. This stock is settling back to where it should be. It was pumped on a false oil rally. With bad earnings (worse than already predicted) or a missed payment, it will go lower. However the odds of both of those things happening together or even at all is low thus I see a positive upside here.
Good entry is the key to maximize profits in the short term and long term. I was just pointing tbat out and it was called BS. No hard feelings.
When oil goes up and sandridge decides to finish the wells they 3/4 they are going to be bringing in the money. I'll hold until this thing sky rockets and they do their first ever split or get bought out by someone like Exxon
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