12-18-2013, 04:25 AM
I'm scratching my head trying to figure out why some longs would bite on class action chatter which is best left to the sentiment of tarules and crooz. I am as disappointed as anyone with the current outcome of pps but I think focusing on a class action lawsuit plays right into the shorts wheelhouse. While I have no doubt the IPI will be spun as negative by the narrative carrying short crew all one has to do is see the last SA piece dated two days ago and look for mention of "dilution". Yes that is this weeks talking point boys and girls while shorts push for their year end bonus at your expense.
What we have here is disappointment by all since we are now 12-24 months out for true value due to a botched rollout that was supposed to be sold as 1.29mcf of 9T's minimum, drilling funded across new prospects and 30% on the back end. Instead, we get 60 cents and class action lawsuit chatter while Interactive Brokers show no shares available to short for the second time in three days.
What we have here is disappointment by all since we are now 12-24 months out for true value due to a botched rollout that was supposed to be sold as 1.29mcf of 9T's minimum, drilling funded across new prospects and 30% on the back end. Instead, we get 60 cents and class action lawsuit chatter while Interactive Brokers show no shares available to short for the second time in three days.