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Apache Corp. Message Board

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  • simpleawright simpleawright Dec 10, 2012 6:14 PM Flag

    Take a look at a few metrics on why APA is cheap here

    an obvious short. When Baird upgraded last year, APA went down, now that they downgraded this will be above $80 in no time. And your chart skills --- an obvious newbie. Volume is 12% above avg (thats heavy volume to you ?), it didnt put in a 52 week low, and there is no bearish flag. You need a lot of work, Get to it before APA is back over $80 and leaves you in the dust LMAO

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    • You're right, I am short, for all the reasons I said. And it's a fact, today's closing price was indeed it's lowest closing price for the past 52 weeks (further out in fact). And yes, there was a bearish flag that broke down today. The move down from mid Oct to mid Nov was the flag pole, and the past few weeks of consolidation were the flag portion.

      You can insult all you want and call me a newbie, it will not help your APA position, though maybe it will make you feel better. I meant no disrespect to any longs but I guess I can make exceptions for chumps like you who throw insults at anyone who disagrees with your view.

      You've been warned.

      Sentiment: Strong Sell

      • 1 Reply to billbimp
      • Relax. There is no bear flag. We completed a head and shoulders top and are bottoming around $75 which is long term support for the stock. Apache happens to be massively oversold. It's an orphan stock selling at a lower valuation than peers with a lot less growth. Natural gas hit the bottom rail of an upward trend channel going back to April. One day Apache is going to shoot up 10% and not look back.

        And now you've been warned.

 
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