Yes, I've owned both. DBO was up when BNO was down yesterday as well. Had to be due to futures contracts (montly), being lower next month.
Does anyone know WHY BNO surged yesterday with oil down, and went down today with oil up?? Something to do with monthly oil futures?? I've never seen this before (at least not in BNO).
Anyone have any incite on WHY it surged, and is now selling off big time in AH??
I have NEVER seen a stock act this way ahead of a buyout. The price almost always is within a few percent of the buy out price. Hopefully, the stock collapses into the 5s to low 6s so i can double down.
Still VERY Worrisome to see the stock get whacked HARD today. Any news for the drop?? I can't find any.
Nice to see STX back over 20 again. Hopefully, the weak hands are now out, with a nice slow, steady, migration upward. STX is a STEAL at any price below 30!!
It doesn't always work. It didn't work in 2009, and it didn't work in 2012, 2013, and 2014. Now, in 2014 you would have had to sell in July before the correction in the fall that year. With Auntie Yellen putting a Fed Put in the Market (she probably won't raise interest rates again until Dec, if at all this year), the Market will most likely correct 6 to 10%, then head up again.
Very difficult to buy on Feb. 11th!! Talk at that time was oil was going to 10-18 bucks/barrel. All I had confidence in was buying XLE at 46 and change (sold them recently at 68 and change). Things are pretty dicey right now, I'm sticking with my BNO and newly purchased small position in XLE.
A terrible shame it didn't spike up with the good news!! I was thinking that oil had made some sort of medium term peak, the Market the same, and they just might sell on the news. Looking for a reentry point.
Can't believe STX is this far below its 50 day moving average. Even if they cut their dividend the stock does NOT deserve this type of shellacking. Bought more in the 22 and change area, but REFUSE to buy more until I see a big, Jennifer Lopez type bottom forming (what a Hottie).
Just Dumped PKD at 3.07. I was right at break even. Sold NOV as well for a very nice profit!! Considering selling XLE as well. OIL has gone up 20 bucks from the lows of 26 and change. PKD may miss earnings next week. Good Luck!!!
I really hope you're right pardner. I bought more this morning just under 23!!
Thanks a TON for this report MB!! Sure makes me feel ALOT better about buying more shares this morning. This stock has been (IMO), unjustly HAMMERED during the past month. Hopefully we put in some type of long term low today!!
Same reason I took profits on NOV this morning: Oil may be peaking (what a run since the lows of 26 and change on Feb 11th!!). PKD also reports earnings next week. Didn't want to take a chance on a sell on the news, or an earning miss. Good Luck if you still own good, old, Parker Drilling!!
WEll, I bought a little more thing more just under 23. I usually don't buy tech companies anymore, just for this reason. Well, I only have myself to blame!!
Investors must be fleeing do to a perceived dividend cut, or the news has not hit the wires yet (during the conference call). I cannot for the life of me EXPLAIN this MASSIVE fall in the share price just AFTER another MASSIVE fall recently (thing topped out at 65 bucks just last spring!!).
What is the REASON this stock (which has been Hammered relentlessly during the past year), is down MASSIVELY again today (yes I know they lost money during the past quarter and missed expectations).