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re: SRNE and possible short squeeze on Monday

Posted on 5/18/20 at 12:00 pm to
Posted by Bucktail1
Member since Feb 2015
3479 posts
Posted on 5/18/20 at 12:00 pm to
Why OXY may I ask? Thanks
Posted by BZ504
Texas
Member since Oct 2005
13564 posts
Posted on 5/18/20 at 12:18 pm to
I sold OXY this morning at around $15.00. Took a loss, but made up for it on other stuff.
Posted by bayoumuscle21
St. George
Member since Jan 2012
5047 posts
Posted on 5/18/20 at 12:26 pm to
quote:

Why OXY may I ask?


I think with the recent Icahn and Buffett news, along with the Anadarko update today regarding Africa, it may bump within the next week or two. It's also one I just have confidence in right now, and it runs around the 40 mark in normal society. It's a ways off from there, but it's a stock I'll throw in until there is another play. It's also dirt cheap right now lol.
Posted by im4LSU
Hattiesburg, MS
Member since Aug 2004
34488 posts
Posted on 5/18/20 at 12:43 pm to
quote:

I think with the recent Icahn and Buffett news, along with the Anadarko update today regarding Africa, it may bump within the next week or two. It's also one I just have confidence in right now, and it runs around the 40 mark in normal society. It's a ways off from there, but it's a stock I'll throw in until there is another play. It's also dirt cheap right now lol.


As an individual sitting on an OXY/ Anadarko platform at this very moment and hearing what I am hearing, and knowing that we cant pay our bills on our platform right now, OXY is not anything I would want to be involved with. Just not a good vibe from the top down.

Legacy Kerr-McGee pensions getting cut has a LOT of folks jumping ship. I know of 3 OIMs and 4 Team leads that spooled it up just last week. All but one of the OIMs was from one platform. They wont be the last. Announcing tomorrow all of the back-fills and who will be moving where.

We got emails last week asking for voluntary resignations and how many months of pay we would require to resign. GoM and field personnel excluded but its obvious they are about trim the fat somewhere. *coughDENVERcough*
This post was edited on 5/18/20 at 4:53 pm
Posted by thadcastle
Member since Dec 2019
2843 posts
Posted on 5/18/20 at 12:57 pm to
quote:

*coughDENVERcough*

Might want to get that checked out. Sounds like the Rona.
Posted by shawnlsu
Member since Nov 2011
23682 posts
Posted on 5/18/20 at 1:15 pm to
I'm sitting on a decent spot of Oxy at 12.50ish. I'm in it for at least a year or 2 but it will come back to 50+
Posted by im4LSU
Hattiesburg, MS
Member since Aug 2004
34488 posts
Posted on 5/18/20 at 1:17 pm to
quote:

but it will come back to 50+



Dont hold your breath
Posted by Hazelnut
Member since May 2011
16466 posts
Posted on 5/18/20 at 1:43 pm to
quote:

Out at 9, tired of staring at it

Yeah I sold this morning at around $8.10 because it would've bothered me all day and I figured it'd come down a little from the weekend. I may get back in later but I felt better locking in my mild profits at this point.
Posted by castorinho
13623 posts
Member since Nov 2010
87435 posts
Posted on 5/18/20 at 2:22 pm to
quote:

A lot of people will get caught when it comes down
like clockwork
Posted by bayoumuscle21
St. George
Member since Jan 2012
5047 posts
Posted on 5/18/20 at 2:22 pm to
quote:

im4LSU


Interesting. Thanks for the heads up! OK, let's look at plan B. Lol

Been giving a hard look at jumping in IVR. TD Ameritrade is about to cut me off though for round trips. I have to wait until tomorrow to change anything lol.
This post was edited on 5/18/20 at 2:23 pm
Posted by bayoubengals88
LA
Member since Sep 2007
24534 posts
Posted on 5/18/20 at 2:33 pm to
Sorrento's CEO is a crock of shite.

He's manipulated the stock multiple times over the past 8 months, and this has been just another example.

I never bought the company because I never liked the management.

Congrats on all who traded. This is not an investment.
It'll be sub 3 soon enough.
Posted by im4LSU
Hattiesburg, MS
Member since Aug 2004
34488 posts
Posted on 5/18/20 at 2:59 pm to
quote:

Interesting. Thanks for the heads up! OK, let's look at plan B. Lol


No problem. Not saying you wont make a couple of bucks, but I know the vibe is not good here. Everyone is on edge. Dumped my OXY last week. If you get up .27, dump it and chalk it up as a win


quote:

Been giving a hard look at jumping in IVR.

Did it today

quote:

TD Ameritrade is about to cut me off though for round trips. I have to wait until tomorrow to change anything lol.


Yea, E*Trade is about to pop me too
This post was edited on 5/18/20 at 3:00 pm
Posted by thadcastle
Member since Dec 2019
2843 posts
Posted on 5/18/20 at 3:06 pm to
You think SRNE will come back up to $9.00? Got greedy and bought in again at $8.
Posted by bass
Member since Oct 2016
4801 posts
Posted on 5/18/20 at 3:15 pm to
quote:

I never bought the company because I never liked the management.


Took profits in premarket, tried to buy in again but it couldn’t pass the turd test. Out completely now
Posted by thadcastle
Member since Dec 2019
2843 posts
Posted on 5/18/20 at 4:05 pm to
quote:

You think SRNE will come back up to $9.00? Got greedy and bought in again at $8.

SOB I didn't have my auto sell on and missed the huge spike
Posted by im4LSU
Hattiesburg, MS
Member since Aug 2004
34488 posts
Posted on 5/18/20 at 4:26 pm to
Posted by LSUmajek
Kemah
Member since Dec 2013
585 posts
Posted on 5/18/20 at 4:27 pm to
In at 4.90 out at 9.60 this AM
Posted by bayoumuscle21
St. George
Member since Jan 2012
5047 posts
Posted on 5/18/20 at 5:30 pm to
quote:

im4LSU


Will do first thing tomorrow. I hate to buy IVR on an up day, but it has such an upside!
Posted by jmcwhrter
Member since Nov 2012
7959 posts
Posted on 5/18/20 at 7:44 pm to
quote:

Sorrento's CEO is a crock of shite.

He's manipulated the stock multiple times over the past 8 months, and this has been just another example.

I never bought the company because I never liked the management.


I wondered a while back what Henry would do to try and weasel out of those shares he bought for $9-10

Looks like I got my answer
Posted by im4LSU
Hattiesburg, MS
Member since Aug 2004
34488 posts
Posted on 5/28/20 at 10:24 am to
Only gonna get worse for Oxy....

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