Matt. Do a search on this board for "shares short" read about 5-6 posts. You ll understand. It's when the guys short have to buy back shares on the market it forces price up.
Man crazy day with stock price flying yesterday. I tried 6 dif limits through out day. Wouldn't come down. Try again Monday. It was fun however. Think there a gap around 454-460 ish.
crazy part about it is he doesn't care how he does it, he just wants it done, on a bridge near red square very busy area, putin is nothing but a nutcase devil that has a fantasy of world destruction...something out of a comic book.... I dont think the news would of effected trading
Sentiment: Strong Buy
Would have come out while we were trading today..Not sure how relevant it will be by Monday..Looks like he will kill anyone who challenges him..Kinda reminds me of Stalin..spooky : /
Peers are trading terribly... OAS, CRK, LPI, BBG, to name a few... all down a ton. Is the market waking up to see that EXXI is worth a whole lot more? Or did big news leak?
Sentiment: Strong Buy
overpriced huh? the market is saying otherwise.. give me 3 legitimate reasons ( not personal opinions) why this is overpriced and i will give you 5 reasons why its not. If you give me 6, I will give you 11. Common go ahead and show me how much DD you've done.
nope.. bought at 2.54.. been watching it since last year. Good luck making pennies buddy.
I hope you guys make a lot of money here, something to think about from someone who has been working in the oil field for a while. Rig count is dropping but capacity where oil is stored in Cushing Ok is rising. A horizontal well/frac job can produce 2,000 bbl a day for a year. Cushing may reach capacity in May. The current wells that are drilled will continue to flow even if the rig count is zero.
It's been a trading game, buy up wti tuesday, short it wednesday morning after the IEA report. Buy wti up Friday morning, short it after the rig count. It's been doing this every week since WTI bottomed around 44-45.
JJAAACKKAASSSS - Its not called the Baker Hughes Rig Count for nothing. Go to the Baker Hughes website, and you will find what you are seeking.