what profit are you talking about? they lose 8 bucks a share right now...
I never heard of an old energy stock with a THIRTY P/E !!!! Talk about overvalued! this should be no more than 40 dollars at best look at history!. this is nuts.
someone has major orders to sell at that price. we are talking tens of thousands of shares go off at near that price.
that brings buyers to the us bond system because the other two safer countries bonds (Japan and Germany) have gone negative. So the US wants to draw in all the wealth funds so they will buy US debt. ALL the FANGS just started to sell off. check it out....
price point 105.80 june 31st That's my opinion. I could be wrong
screaming DONT SELL DONT SELL lol
I don't know why you think this thing is going south. look at july options chain. 3 to 1 to the upside.
people handling options usually know more than the general market. looks like 12o's by July
Take a look at pre market level 2. someone is selling like crazy at 116.40-42 wonder why?
Where do new buyers come from? only 1 percent short ratio if everybody decides to get out at the same time BOOM the hammer drops and no one to pick it up . you could have a 20% drop before the market wakes up.
because there is no one to refine it. THAT article is just 1 week old. Goldman is freaking out because they are long oil and gas. I hear they actually own an oil tank farm in upstate NY and they are probably full. no matter WHAT they say they cant actually INCREASE demand. only the market can do THAT. lol
FUNNY they are the only stock headed south today it looks like.
it should be less than HALF of that. that would put the stock price around 85 or so. This could be a great short.