My limited charting knowledge says the company is way oversold,however the shorting has us by the 'JATZ CRACKERS". I am horrified by the fall but we may have a swift turn around. Here is a copy and paste from the short term traders forum.
MAD - Oil and Gas in the US, Shorters have been having a field day with it recently after speculation of delays to production and a lack of news. Recently hit S&P200 and has potential for further Insto's to take a position now at a relatively cheap price. Joint dev agreement with gulf south Holdings Inc is now in place, and co expects to receive first funding before 3 dec. Further news will continue to test shorters who IMO have run their race now and will be forced to cover hare. (Mcap:$339.5m) Click Here for full detail Spotted by: BrookeCE Date: 24/12/2012
I have full faith in management,the foundations are laid and the blocks are coming out of the ground. ,We are just in a vulnurable position atm,and the traders are in control.
FDM Price at posting:
70.5¢ Sentiment: LT Buy Disclosure: Held