like it or not, this was not a good earnings report...Even on higher oil there were derivative losses.The revised guidance is unreasonable IMHO.Even a crazy oil spike due to some Iran non-sense wouldn't shoot this up higher.At the end of the day, the market is overbought, CLR is overbought and there are better companies selling at a discount like CJES.That is my rant. You are welcome to disagree, but do you really want to be left holding the bag on an overbought stock that can lose 50% of its value within short term?
Hey Shortstick, hurts being wrong again, doesn't it?
CJES is a oil service company.. donhttp://finance.yahoo.com/q/pr?s=CJES+Profile
and a better buy.
p.s. go look at the short float... it is unusually high for a company in this sector...If you do the math, CLR doesn't add up to a valuable long... It is a day-trade IF that.