Try to think OUTSIDE the BOX !!!Most likely, don't pay attention to much to these guys that are shorting the sh.t out of this boy (PRE). Logically, if we have such a good run on Thursday and Friday, for sure something positive is happening behind the scene. What I believe had happened today, PRE management was not able to make any public announcements yet, as a result SHORTERS took advantage of STOP LOSSES and panic that took place. I remember when this stock was at 40 cents, I was still confident that it will go back and it DID go back to $1.6 already twice. I am not a day trader, I am an investor and you can call me foolish and so on... But, I believe this company has enormous potential, and the loss of over 5 Bill was done in such a way that this company becomes very attractive to potential buyers. You backup the company and you make everything what you have invested, thats the plan of PRE management. You could call this management different names and ask them to be removed, so the rest of Oil&Gas companies have to do the same thing. If Saudi and Washington are playing games the rest of E&P sector has to suffer.
Also, this Blumberg guy is a clown that makes all sort of predictions, however he is not the one who is moving the share price by 20 Million in ONE Day. Way more people are involved and they know for sure what they are doing. Small investors that are exchanging opinions here are just following the trend.... Let’s see what tomorrow brings us !!!
Dell1