Is there a price sensitive after a new pump is replaced.
This is excerpts from 12/6/15 Coi's asx announcement and the article below is saying this July is a short squeeze season
During the first quarter of 2015, pumping of water from the Mahalo 6 well was undertaken very conservatively in order to protect the coal reservoir and bring the well on line in a gradual manner. While small flows of gas were initially observed for short durations during pumping operations on Mahalo 6, more sustained gas flows were observed during March. However during April, the Company advised that pumping efficiency had declined with evidence of produced gas running through the downhole pump. As pump speed was gradually increased, pump efficiency gradually decreased leading to the conclusion that the downhole pump would need to be changed, via a routine workover.Comet Ridge has now been advised by the block Exploration Operator, Santos QNT Pty Limited, that the workover to replace the downhole pump, and return the well to production, is scheduled to commence on Saturday 18 July.This piece of work has also been formally approved through the joint venture. Whilst Comet Ridge has been disappointed with the time taken to design and schedule this pump-change workover, the Company is now pleased that the work has been formally scheduled and the well is now expected to be back on line next month.
Good. Today I’m going to show you how to pull it off. How? Here’s a hint: We’re going to squeeze ‘em out of the markets…
Let’s say you’re watching a stock that just hit 6-year lows. The company’s in deep trouble. It missed earnings and sales expectations—again. And there are plenty of short sellers circling. In case you don’t know, short sellers bet on a stock going down. More importantly, they have to buy the stock in order to close out their position.
So what happened next when you get a positive catalyst?
Bam! The stock unexpectedly shoots higher. Short sellers scramble to cover their bets, buying back shares and igniting an even bigger move higher. And all of this buying quickly drives up the stock price.
When the dust finally clears, the stock’s gained more than 10% in a single trading day. That’s enough to spark an even bigger bounce in the weeks ahead, netting alert traders quick gains.
The scenario I just described is what’s known as a short squeeze. In fact, the exact event you just read unfolded less than a month ago as shares of Abercrombie & Fitch mounted an unexpected rally. Take a look for yourself:
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Man, that happened fast! Abercrombie shares are up almost 19% from where the stock bottomed out late last month. And right now I’m seeing tons of potential short-squeeze setups popping up across the market that you can jump on.
Here’s why…
All short squeeze candidates have one main thing in common: They all have plenty of investors betting prices are going to fall. The “squeeziest” stocks have short interest of at least 20%. That means nearly a quarter of available shares are tied up with traders betting prices will fall.
With so many investors expecting lower prices, any optimistic news (hell, even just not terriblenews) can trigger a powerful short squeeze. That’s how you get the huge pops like ANF delivered.
I just ran a scan for potential short squeeze opportunities—and found almost 200 stocks with abnormally high short interest. That’s no surprise in this market environment. As I’ve been telling you, there aren’t a lot of blind bulls left out there—even though the market is near all-time highs.
And this pessimism is the fuel we need to put the squeeze on the shorts. We’re going to make money off their pessimism.
Of course, not every single one of the 200 stocks on the market with high short interest will deliver a squeeze. There are some dogs on this list—that’s for sure. You can’t just buy a heavily shorted stock without some finding solid evidence pointing to a pop. Be sure to consult your charts for more clues.
It’s time to rip some money from the hands of nervous short sellers this week. It’s going to be a blast watching ‘em squirm…
P.S. Squeeze money right out of the market! If you want to cash in on the biggest profits this market has to offer, sign up for my Rude Awakeninge-letter, for FREE, right here. Stop missing out. Click here now to sign up for FREE
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