ST/DT were stopped out on immediate market reaction on the acreage sale delay. Turns out the LT are ready for such opportunities (e.g 2M ADRs traded at noon AMEX).
Intraday chart reveals how the herd (emotionally and technically) behaves and how LT kept focus on the fundamentals why we bought the SSN stories at it's lows (1-3 cents):
1. Great assets (Bakken/Niobarra) and its stories 2. Good Management 3. Future price action of oil price
This is a zero sum game, thus ST/DT and LT meet in the market as the opportunities arise.
'Do not use short term trading strategies on long term inverstments'
SSN Price at posting:
6.6¢ Sentiment: LT Buy Disclosure: Held
