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SGY
Posted: Wed Oct 06, 2010 10:36 am
by bearcatbob
Huge move in SGY this am - and I see no news. Anyone have any insights?
Bob
Re: SGY
Posted: Wed Oct 06, 2010 11:43 am
by 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
Re: SGY
Posted: Wed Oct 06, 2010 2:31 pm
by 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
Re: SGY
Posted: Wed Oct 06, 2010 2:56 pm
by 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.
Re: SGY
Posted: Fri Oct 08, 2010 10:36 am
by setliff
we have breakout if it closes above 15.50.
Re: SGY
Posted: Fri Oct 08, 2010 6:20 pm
by dan_s
Stone Energy should report strong 3rd quarter results. Check my forecast model on the website for details.
Dan