Parrot, people are selling and the best bet is that placees or the ex Helm people are selling down ( they sold Helm, why not cash in their shares too- maybe they should have been put in escrow) . Sellers of all stocks did the same destruction to all stocks in the correction, but as it turns out they didn't need to . I feel when the sellers are dry, MPO will be taken for a company rather than a chart .
I don't need to justify my position in MPO, or profits made in it . I am un phased in the outlook for fundamentally strong energy stocks into the future . I can well justify to myself a holding in MPO after a year . I do sell stocks when management disappoint me or the fundamentals don't stack up, but in MPO's case the new technical management is impressive and they have the projects and money to turn this into a very profitable venture .
So stop your downramping and let people make their own decisions with ther investments .
MPO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
