Wow, what is the reason for that big drop?
That means it will drop even lower.. 
A few months ago I pointed out a few things about ORIG, most notably that the fundamentals are negative (contract cancellations, though I didn't mention the obvious negative that there's simply an oversupply of oil), and that the stock could be easily manipulated.
When one day-trades, fundamentals probably don't matter, so it's possible for traders to make money on a fundamentally bad company. But IINM a cardinal rule of day trading is to close all positions by the end of each trading day.
As for the possibility for manipulation, trading anything like that is IMHO as safe as the Verrukt ride (unless you are the manipulator).
Here is why I think odds at trading ORIG might be worse than at Atlantic City.
From today's quote:
....
Day's Range $1.34 - $1.67 - that's a $0.33 range on approximately $1.50 stock
52 Week Range $0.6601 - $9.52 It's close to the bottom, need to ask what's going on. Contract cancellations
Average Volume (10 Day) 1,694,657 That's tiny volume and easily RIGGED (pun intended)
.....
To sum things up, if you made a profit I am very happy for you. Could it go up more (even double or triple)? Very easily if manipulated properly. What's the intrinsic value? I don't know, and very hard to tell in the current oil market.
.....
