Steini, have a look at it this way. There are about 7million on the bid side at 17 and 17.5 cents so there is some good support. On top of that we have rodney full flow results coming next week as well as earl frac beginning. We also have final bakken well spudding in the very near future. All of this should support the SP at the current levels and if anything we should be seeing it head up towards 20c soon. I see no reason to panic out and sell now. Perhaps all you need to do is turn off the computer and not look at your screen for a week or two.
Not to mention that we are entering Q2 which means the big one in the niobrara is about to get underway!!
Cheers.
p.s Steini, there are lots of good books out there on the psychology of trading. Trading in the zone (Mark Douglas), and Trading for a Living (Alexander Elder) just to mention two. The psychology of trading is what makes the difference between successful traders and average traders. If you are really serious about making a living out of trading then it would be worth your while on doing some reading on the topic.
SSN Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
