I was studying this chart yesterday and it has a lot of great elements, volatility, volume and a recent spike on news that's actually pretty weak. I'm watching it on Monday to see if it will break out further or if it turns into a first red day and starts breaking down again. I see possibly as much as 50 cents of upside on a short position depending on where I can get in.
Posted Jun 21, 15 1:08 PMbydr_strange_stock
Tickers
MHR
I am also in same thought...Will be a great short tomorrow or tuesday.
wouldnt it be better to long rather than short because of their upcoming $65 million cash raise?
MHR's "good news" Is just an extension to raise money and increase liquidity. The company is still in trouble and is a great potential short. We'll see how it plays out.
Dang I made a good call on this one. It finished down 14% Monday. Sadly I didn't have the buying power to short it! Oh well. Nice to know I was on the right track.
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