i never buy the reco with the sheep.... expect a pop monday as the 9-5 weekday job slavers catch up on email and buy on mon-tues next week. i'm going to wait until after the govt shut down and blood moon fears become full blown over the coming weeks to start accumulating stuff. also, like you, will look for similar class assets (ETF) not the specific reco if you believe the fundamental story and want to avoid the impact of lazy sheep popping the prices of the specific reco.
what about $8? 80% mid stream in here. Yield and holdings look amazing, but keeps tanking. Is something too good to be true?
That's not backfiring in their socialistic view. They want more people dependent on govt to survive. They buy votes that way. Those 45+M on food stamps (paid for by taxing the middle class who still have jobs in the private sector) are slam dunk votes for the Democrats. Why not add another few million to that if you're a Democrat in DC? Why do you think the work force participation numbers are at multi-decade lows while at the same time new jobless claims are also at record lows? It's because many just don't want to go back to work, or can make it by without having to if they qualify for benefits and make a little "low profile" cash income on the side. All those votes are going to Hillary. If you do have a job, keep working and paying your taxes. Many other's depend on it.
As expected, Obama's going for the jugular when energy prices are at a temporary unsustainable low due to Saudi Arabia and Iran.... doing it at a time when the average American won't notice the difference in the short term. After much nat gas & oil E&P gets shuttered, along with coal mines, and LNG exports begin, there will be extremely painful price spikes in electricity and gasoline hurting the lower and middle class American. By then, Obama will out of office passing the blame. Mission accomplished in his book.
Its shouldn't be as this form of energy has even less carbon footprint than wind/solar. (Yes, those have a carbon footprint in their manufacturing. Check the facts.)
I cut half last week 60. The short term up trend has been broken. I may buy my pos back if it holds at 50, and the chart says it needs to test 50.
I had sold jan 2016 puts to bottom fish while collecting some decent income. Yes, they went in the money for the buyer. Last week, the shares got assigned to me. FWIW, I have never had shares assigned to my short PUT positions this early before expiration *ever*. This just tells me shorts are covering now so maybe a bottom is in for a while. Lots of overhang, so not expecting this to go above $5 unless political outlook improves in coal's favor in 2016. Coal (and many other industries) need a administration that will neuter the EPA and prevent it from burdening business with overbearing impractical regulation with limited/ineffective impact.
RBC carries some street cred and is the most recent analyst to update an opinion. The fear is some of the other analyst come off the beach, do their homework and come up with downgrades in the next few months. A glut of fossil fuels at low prices for the foreseable future, along with govt reports on GDP showing the "R" word may be used in the media starting today doesn't help alt energy in general. Could be a rough couple of years for FSLR. I will double my long position if it bounces off $34.
The gap in discount between Shanghai and Hong Kong looks to be closing itself. Even today, US pre-market show ashr down 1.7% and fxi up 2%.
Didn't these Norwegian pension funds also buy a ton of those junk CDO's before the credit markets imploded in 2007?
Dropping unemployment # are very deceiving when those people go back to work at jobs paying 50-70% less than they made before the recession hit. No president in recent times has done squat to stop the flow of skilled and tech labor offshore, and that is the reason wages are not recovering in the US. Also the stock market surge has everything to do with the Fed nothing to do with Obama. Grandma can't get even 1% in the bank with the Fed's thumb on the scale, so she has to take high risks and chase stocks. Sad its come to this. Fun for traders while it last, but going to end badly like the last two market crashes and before the next election.