what a great day. i have xco, anr, aro, all bot earlier this week. tax selling is almost done, watch for january effect now.
what do you know, i gave you 4 winners. i am looking at aro today, they burned thru 1/2 their cash since duy called it at $6. now 2.29. cheap gas/holidays could give it a bounce. be careful with this one, we all got burned on it before.
XCO up 25% in last two days. All of it's weakness was do to gas prices (maybe some oil even though most of their revenue is from gas)
''Holdings of the world's largest gold-backed exchange-traded fund, which last week posted their biggest weekly rise since mid-July, saw a second consecutive daily outflow on Tuesday, of 1.8 tonnes.''
and nugt at 52 week low. shows how wortless this etf is. managers sucked it dry.
been waiting for this shoe to drop, thot they already started selling a few days ago.
''Russia’s cash pile has dropped to a five-year low as its central bank spent more than $80 billion trying to slow the ruble’s retreat. The currency’s collapse combined with more than a 40 percent tumble in oil prices this year is robbing Russia of the hard currency it needs in the face of sanctions imposed after President Vladimir Putin’s annexation of Crimea. A fall in gold prices signals that traders are betting that the country will tap its reserves.
“Russia is at a critical juncture and given the sanctions placed upon them and the rapid decline in oil prices, they may be forced to dip into their gold reserves,” Kevin Mahn, who oversees $150 million at Parsippany, New Jersey-based Hennion & Walsh Asset Management. “If it happens it will push gold lower.”''
I think XCO has got to have seen it's bottom. They have their selling price for natgas hedged at $4.25 so their earning will hold up fine and not they are using the dividends to invest further into shale to keep up with their production. It's not all bad and the markets are forward looking. I see the bottom of a long term W formation on 12-15... and I see a good bounce potential from here.
nugt 9.65, xco 2.12, anr 1.50, aapl 108. any worth a bid? somehow i think they all bounce but i'm staying in cash today.
story has been retracted! what is going on??
Editor's Note: Earlier it was reported that $4.3 billion gold reserves were sold, quoting Vesti Finance. However, in actuality, it is international reserves assets that have decreased — not gold. Appropriate changes have been made.
now look at putin, buying like a pig in sept, now has a margin call.
Russia Is Fighting Its Financial Problems By Selling The Gold They've Been Hoarding
In September, Russia boosted gold reserves by the most since defaulting on local debt in 1998, driving its bullion holdings to the largest in at least two decades. The stockpile, the world’s fifth-biggest, grew by 37.2 metric tons to 1,149.8 tons, according to data on the IMF’s website
2 months ago i said buy everything but energy, energy is a huge sell still. use it for tax losses, but get rid of it.
''NEW YORK (Reuters) - U.S. stocks rose on Thursday, bouncing sharply from a three-day drop as data pointed to a strengthening economy that appeared likely to weather the impact of a steep drop in oil prices.
The benchmark S&P index (.SPX) dropped more than 1 percent on Wednesday and had shed 2.4 percent over the prior three sessions, it's worst run in two months, as weakness in oil prices has weighed heavily on the energy (.SPNY) sector.
But the weakness in oil has helped consumer holiday spending, with retail sales data for November beating expectations. The S&P retail index (.SPXRT) jumped 1.6 percent, lifted by a 1.4 percent climb in Home Depot (HD.N) to $100.36.
"We are starting to get some metrics around the energy and we are seeing that one 'X' factor of will consumers spend this extra money?" said Sean McCarthy, regional CIO for Wells Fargo Private Bank in Scottsdale, Arziona.
"And in the holiday season they are (spending), and more so."
Falling oil prices have added to worries about global demand and raised concerns about earnings for energy companies, with year-end tax selling putting additional pressure on the group. The sector is down 14.7 percent for the year and is the worst performing of the 10 major S&P sectors.''
XCO is almost back down to its low after a nice recovery. I'm hoping for a W recovery in the next month. XCO is hedged at $4.25 for gas so they aren't doing badly at all right now. I'm not sure if they were hedged for their small percentage of oil frakking. Where is Duydin?
Company is being acquired or and activist investor is now on board. It said he was not leaving because he was in disagreement with the company. Very interesting, imo.... We may see some news of this this week and maybe as early as Monday..
The spike was too sudden for that to be the case, imo... Something is happening behind the scenes whereas retail is always late to the party... No one even talking about this huge move in ADI... The puppets on CNBC have left this 30% move off their radar because a big buyer is accumulating. I don't think this stock could spike like this without big money flowing into it. It is not a high beta stock so the movement would take a constant flow of money to move it the way that it has. One good thing is we will know soon enough. Takeover target?? Maybe.... all JMHO
dumped all xco, worst than a pinksheet. my cut off was when oil hit $70/bbl, ross said they can make money @60/bbl. oil can go well below that:
"Finally, there's Exco Resources (XCO) , which trades around $2.90 and has lost 43% of its value year-to-date. What stands out most about the company is that it pays a quarterly dividend of 5 cents a share (about a 7% yield).
That said, we believe the payout is far from secure, as management has only earned enough to cover the dividend once in the past five quarters. This included the third-quarter results reported on Oct. 28, where Exco earned just a penny a share and sales missed consensus analyst estimates.
About 90% of the company's production is natural gas and only recently did management beef up its hedging activity. Exco also has a sizable debt load, the net amount equal to 3.5x total equity. While management has sold non-core assets and cut costs in an attempt to improve liquidity, we believe the company is the most at risk of these four companies of not surviving a prolonged downturn in energy commodity prices."
opec announced no production cut, oil looks headed for $60. this hurts any comp that may have the slightest thing to do with gas or oil. most of the damage was done friday. funny how they take advantage of holidays and middle of the night trading. cut losses asap.