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CVR Energy, Inc. Message Board

  • mikemoney242 mikemoney242 Sep 14, 2012 11:04 AM Flag

    BULLS BE AWARE!

    Here is something that i found on the next about CVI that you may enjoy! Read on!

    Now that Icahn has taken over the company, he has a little under a year remaining to sell to a strategic buyer and return profits to shareholders (including, obviously, himself). At its current stock price CVR trades at nine times trailing earnings, a low multiple which indicates that the market is skeptical that Icahn can find a buyer, but he himself recently offered to buy all outstanding shares at no more than $30.

    Lets think logically for a minute now, if this guy is not welling to pay more than 30 bucks a share what makes you think this company is worth $35 and over?? It does not make any sense! At this point the stock is trading slightly over $35 and it is clearly well over what this guy is welling to pay for it. Right now it is extremely overbought, mostly due to the confidence being placed on the new management! Other than that it has no reason to be where it is as far as price level goes! This bounce is only temporary and it will fall in price very soon!! I think i will be below the $30 mark very soon!!

    Sentiment: Strong Sell

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    • It was nice to have this stock rise today, got an awesome entry. Indicators look good and general public feed back seems to be great as well. It shouldn't go any higher, it has pretty much pooped out now. I was hoping it would go up as high as $37.00 but couldn't get all the way up there. 5% gain in one day sounds amazing for bulls and i wish them the best of luck however we may see them sell their position before the weekend, i expect this stock to drop by end of the day, after hours and into the next week.

      That is just my opinion, best of luck and happy trading!

      Sentiment: Strong Sell

    • This sucker is going down!!!! Look at all the sellers that showed up today! i bet you anything next week is going to be crazy for this stock. It will drop at least 3 to 4% on monday!

      Sentiment: Strong Sell

    • CVI did very well today for the bulls but however i believe the trend has begun to turn, the most recent high of $36.56 could not be beat due to the pressure of bears. There are huge orders going in on my time and sales of shorts. I think CVI has had its run and it won't go any more, next week we should have an amazing opening for bears. It should move 2-3% down on open and should continue during the day.

      Sentiment: Strong Sell

    • One of my favourite indicators to use is the regression channel, it is used to analyse if a stock is overbought or over sold and right now CVI is sitting at the best position possible to short. My analysis suggests that this stock is extremely overbought right now both on the daily and weekly chart. I plan on holding my short position for 2 weeks.

      ADX is also another indicator that I personally use and it is currently well over 64.25, which means that a stock is at an extreme position and a trend change is very likely.

      Double Stochastic indicator is extremely extremely overbought on the weekly chart.
      If we put all these indicators together it builds up to a perfect short. Not only do the technical indicators align but we have insiders and hedge fund managers selling large number of shares! This only confirms my short positions.

      Cheers and happy shorting!

      Sentiment: Strong Sell

    • Majority of the hedge funds are selling because they feel this stock has reached its peak, even though no one can accurately predict where a stock will top. These guys start selling slowly over a period of time, that is because they have 30 million plus shares and they have been dumping for a last while. Mean while the blind public continues to buy more and more shares these guys dump and make money, what happens is once these guys dump all their shares a stock drops drastically and the public gets burnt! The only way to make money is by following the pro's, fact is that only about 5% of the players actually make money in the market. The other 95% lose because they either have no knowledge or are following the general public, i say follow the pro's and do what they do! These guys can't afford to lose several hundred million dollars, they will do anything to achieve desired results. I am and will always follow the big guys, no sense in following the public; not like the public actually knows what it is doing!

      Sentiment: Strong Sell

 
CVI
49.92+0.20(+0.40%)11:32 AMEDT

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