"Had to load the boat today at $4.08..." "Where did you find this information?"
He wasn't stating a fact, he was saying that he would assume he was buying even more at these prices.
It's also too bad that ETE doesn't have the free cash to be buying back their own shares at these prices, but maybe someone else will see this as a bargain. Nearly 135 million shares were sold today, but that also means 135 million were bought.
One of the reasons they wanted to distance themselves from the CFO was supposedly because his presence seemed to have sent more traditional holders of ETE out of the stock and drawn in a larger number of more speculative traders.
Maybe shorts will come to the conclusion they've milked this for as much as they're likely to get out of it and move on to something else.
Ease into it by suggesting she start a paper route and take up mowing lawns next summer so that you can maintain the family tradition of eating regularly.
Actually his name is Kelcy Warren.
I agree it's comforting that insiders buy the shares of a company in which you are long (and I am), but to take the other side, it could also indicate that insiders have failed to understand the bigger picture. Unable to see the forest for the trees, so to speak.
Aubrey McClendon bought shares of Chesapeake, Rich Kinder bought shares of KMI & Ellis bought shares of LINN and John Fredriksen is heavily invested in Seadrill and most execs at Enron had a big stake in the company.
Kelcy is a smart man, as are most of the others named above, but sometimes a father is blind to the faults of his children or overly optimistic about the environment in which they are growing up.
I do have faith in Kelcy and I do believe once the dust settles on the merger & stability returns to the energy market, this will be a rewarding stock to have bought at these levels, but right now things depend more on exogenous events largely out of his control.
adj. barm·i·er, barm·i·est
1. Full of barm; foamy.
2. Eccentric; daft.
"Online?" You're the same genius who talked about the price dropping 300%, right? And now you think today's stock price movement was motivated solely by the movement in oil prices?
"Seems like this might plummet right to 2-3$ per share any input?"
"but fortunately averaged at 8.22$. "
Maybe you need to check the dosages on your meds. Then explain how you averaged $8.22
(NB the dollar sign in front).
"...even the talking heads at cnbc got confused."
Even?? Cramer is in a perpetual state of confusion, which he tries to spread far & wide, and he regards Carl & David as beneath his contempt.
Pretty sure Faber was reading from something he didn't write.Maybe some high school intern wrote it up for him. Near the end of the Jimmy & Davie episode he said something about ETC, Cramer told him he meant ETE and Faber stared at the piece of paper with his beady eyes scrunched up in confusion..
Obviously the two "experts" on the merger never heard of ETC.
"why is the stock valuation down 300% in just a few months "
Before you could ever be able to understand stock pricing mechanisms, you might want to revisit your 5th grade math book's chapter on percentages. Then come back and tell us how a stock price could be down 300%
One of the reasons he hates Twitter is because people can comment on his work. On his show only carefully screened cheerleaders (and probably some of his staff) are allowed to call in and speak on air.
The first clue is all the sound effects that accompany what he says. It's like watching some manic children's cartoon with a clown as the main character.
Cramer has said buy, sell and hold on virtually every stock out there at one time or another. Whatever eventually happens, he picks out which recommendation he wants us to remember. Sometimes he changes what he says so often you need to take Dramamine to avoid motion sickness.
"... and may just cut my loses...... thoughts?"
At this point, that buy high and sell low mentality is driving the price down and adding to the blood in the streets.