SGY

[bearcatbob]

Huge move in SGY this am - and I see no news. Anyone have any insights?

Bob

[dan_s]

All I can say is "it is about time".

SGY was grossly oversold after the BP oil spill. It has fundamentals that justify a much higher share price.

Premium Members should go to the Sweet 16 and read what I have to say about SGY in this week's "Sweet 16 Detailed Update".

Dan

[bearcatbob]

Dan, When I click on the link I get sent to archived stuff. I do not see this weeks update on the Sweet 16.

Bob

[setliff]

200dma is really putting up a lot of resistance.

also, 15 was bottom of the trading range from sept09 to apr10 and that means there was a lot of buying then at 15 which sets up rather stiff resistance when all those 15ish buyers decide to get their money back. when we run out of those guys we will advance, imo.

[setliff]

we have breakout if it closes above 15.50.

[dan_s]

Stone Energy should report strong 3rd quarter results. Check my forecast model on the website for details.

Dan