You may have called the end day number at $25. 26.5 million shares traded and still a little over 2 hours to go. If volume hits at least 30 million, $24 at day's end. JMHO
You're gong the wrong direction my heterosexually-challenged friend. It's more like having a golden opportunity to take a giant dump on greedy open-mouthed shorts.
Some folks wanted "IN" big time sub-20. This is shooting fish in a barrel. Mission for today...expend all ammo!
MM's holding it down to just under 13 for option expiry, in the face oil being $49's and approaching $50. Yes, there is manipulation. MRO should be trading in the $14's.
Gotta love Goldman. The same "selling into May" gang had been accumulating at the low, and now has pivoted on the trade. GS on the O&G bull run, as $50's oil this summer driving season is a certainty. Leveling out in the $60's in the 4th quarter is looking more probable. Latest article from Reuters below:
"Crude is trading higher on the back of a rare bullish call from Goldman Sachs, which until now had been a long-time bear on oil and even warned of another price crash due to overflowing storage. The investment bank says the market has moved from a state of oversupply to a deficit, and believes major supply disruptions in markets such as Nigeria, Venezuela and China will sharply lower production levels."
mrmean64, the data is already out there regarding E-commerce and their b2b market penetration/share per industry. Trade and manufacturing associations have this data, and they are very reliable. The FTC chose not to follow up on it, even after the Amazon rep's deposition, who explicitly stated that Amazon realized substantial and growing business activities in that sector during the past few years. What this faulty decision bolsters is the certain un-level playing field box stores must endure and the death of b2b sales through box store sales channels. This consequence will only exacerbate the demise of other box stores (Best Buy, JC Penny, etc.) who are in ultimate competition with the Amazons of the world. The death of the box store sales channel model is a matter of when, not if....and the definition of "market" will continue to elude the sanhedrin.
Aside from the current anti-merger political whims of the present administration, this decision reflects the inaccurate analysis of antitrust legal arguments. The current viewpoint of many judges and government agencies, and legal scholars, wrongly discounts E-commerce as a factor in b2b transactions. Sales channels from box stores are going to continue to die on the vine, while the Amazons of the world fill the void. In essence, these box stores are merely real estate companies who happen to sell product.
You might want to put a 12 guage on that bird because WFT is about as good as any acquisition bait gets.
Any oil-related stock is going to bounce up nicely today and tomorrow. Looking for high 13's in the next leg up. Whoever did the covered calls recently at 14.5 is one savvy mofo!