RE:Is the drop justified They always fall back to the issue raise price so I don't think there was anything special here.
It doesn't hit the momentum though- they needed new oil here as the rest of the stuff is pretty much hedged well below the spot.
i think there is a good little company building here.
smallcaptdr wrote: Raising capital always hurts a stock but this got kicked while it was down, always count on the shorts coming in like prey. we'll have to see if tomorrow has another leg down because this is closing at the low and that dosent bold well for tomorrow. JMHO
(always DD)