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Chevron Corporation Message Board

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  • simpleawright simpleawright Sep 20, 2012 2:45 PM Flag

    OIL To Fall To $72, Gasoline *Peaked and Chevron to Follow

    You both have valid points. Peak summer driving season over. I see oil more likely to retest the $79-81 level though. That is, unless something huge goes off in the Mideast.

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    • splcscott@sbcglobal.net splcscott Oct 3, 2012 11:12 AM Flag

      While you have been ranting about the death of Chevron, the stock has gone up 20%.

      Sentiment: Buy

      • 2 Replies to splcscott
      • now what?

        Sentiment: Strong Sell

      • 113-110 range and then 118-to current 116 is not a 20% increase. It is a DECREASE. Where did you get your math skills from ?

        I said that if there was no easing the stock would fall below 110 when it was 113. I had shorted from 113-110 (3 point gain). Easing was announced.. I reversed Then I made a short trade and BOUGHT chevron to about 117 (7 point gain). ALL STOCKS RAISED TO ALL TIME HIGHS. At that point I had a Total: 10 point gain. I shorted just under 118 and currently up another 2 points. In the short term that is about 12 points.

        I believe that if you were to buy at 118 and wait for Chevron to make 12 points always breaking all time highs you would be crazy. Chevron at 130? NO WAY WHEN there is global demand decreasing and the government is doing what they can to increase independence and inventories look to raise. You are more likely to make 17 points shorting this to 100 or even 25 points if you cover and reshort after a bounce in the near future...

        I am looking to make lots of money, and I have in the last year by making about 200% with my investments. I keep up with the news and analysts, and appreciate devil's advocates. That is why I do my research and look for solid people and reasons to doubt my thesis.

        Sentiment: Strong Sell

    • Oil may go lower, but Chevron is undervalued relative to earnings, PCF, Book value and peers. Long CVX, short XOM.

 
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102.68-0.39(-0.38%)Jul 26 4:00 PMEDT