are felt to have taken it - remember I discussed pirates - we had not heard much of pirates but now here it comes. Market rise is in the cards - I could be wrong buy I don't think so as it is laying out just as I stated. Futures up this morning but whatever.....could end down by days end. Alcoa starts earnings season tonite. I hold to the market turn on the 9th-10th. USEG actually weathering the storm pretty well - appears sellers are gone but it needs a catalyst otherwise it will just trend up or down without conviction. Management needs to make this an oil/gas company get rid of the Ms. Moly. BOO-lean
My call remains - market BULL will restart by Thurs-Friday and earnings will prove better than projected = rising US market followed by world markets = short covering by cliffs shorts and ignited more by share buy-backs by cliffs and share buying by hedge funds and mutual funds ----- it could be a rapid rise for sure. If I am wrong - get a toaster as we are TOAST. But I don't think so --this will be interesting. Merkel now discussing new stimulus moves to re-ignite German economy.......INFRASTRUCTURE Rebuild will become a buzz word and that would really save Cliffs. China will also rise in 2015 so 2015 is going to be a huge igniter all around. Commodities will rise. Watch it unfold. BOO-lean. Didn't mean to scare yah.
is higher a good guy - a smart guy - a savior OR he is a bad guy - a fraud guy - an executioner. We shall find out soon. Up to now he has been the later for shareholders so we shall see how it shakes out - for now faith is what you got that Lourenco is shareholder centric and a savior who has some cards he has not shown yet........... Boolean
either it will run higher or it will remain max oversold and die. We the spectators will find out but I say Thursday - Friday we begin a run higher. But do not buy if you can not lose the money cuz this one is a real gamble now.
yeah yeah yeah they always have an answer don't they - doesn't have to be right just has to be an answer...IMF - Germany.....yeah yeah --- Mr. Market is forward looking and will be seeing what I see for 2015 and news will flip from bad to ok to very good as we move forward --- BOO-lean. Didn't mean to scare yah.
So tomorrow I put money to work -- I am betting my call on the the 9-10th trigger to the next leg of the BULL begins.......again I could be off by several days but my work says the BULL will roar back and that rise will move us to 2100+ by years end. Gotta go and put that cash to work. Boolean
it will already have been there. Shorts will be create a surge in upward stock movement as they cover - over a 1/3rd shorted I believe and cliffs will unleash a stock buyback and other hedges will take positions so the stock will go up in parabolic fashion. 2015 will be solid for commodities - America leading the recovery. That is still my call and the S&P will hit 2100+ by NEW YEARS EVE 2014.
still looking for a flattish tug of war M-W and then Th-Fr time frame we begin THE NEXT BULL MARKET PHASE and 2015 will be a commodity RISE. Boolean
and they supply Cliffs with ore..........mmmmm
I am calling for a flat tug of war M-W and then Th or Friday the next leg of the BULL MARKET begins. Commodities will do well in 2015 so cliffs will be a huge winner if they can survive. Shorts will be toasted as the step all over themselves to cover - it will catapult the stock higher and then stock buybacks will further fuel this rise ----- I remain bullish on the stock in a HIGH RISK MANNER - NOT FOR MONEY YOU CAN'T LOSE CUZ YOU COULD LOSE IT ALL. Looking for Earthstone-energy to continue its rise again as well. Look to short long term treasuries soon as that is also basing at the bottom.
DOW THEORY is now confirming my call --- some say the next 20% will be UP. I stick with my long standing call that we hit 2100 PLUS by NEW YEARS. Some stocks will have news coming that will drive them much higher - look for solid managers or shareholder centric managers especially who want to drive their stock higher and those who may own a lot of shares themselves but the float is not enough for them to get out SO..........they sell the company or they work deals to leverage their assets. So much fun........small caps are pounded and is a good place to look for deals. BOO-lean....didn't mean to scare yah.
UP but not impressive - I bet the follow thru will not be seen on Monday........I still say the 9-10th of October will be the low and the market will start its new rise. There may be no catalyst except that Mr. Market decides it is time to ride again. A lot of stocks have lost their tail wind and were hit pretty hard already so the down side is likely limited -- wax and wane M-W and then we will begin our move. No real news on the docket M-W BUT Thursday you have JOBLESS CLAIMS out at 7:30 so maybe this will be the spark - claims should show a stronger economic trend to confirm what we see out there. Just look at job adds --- So OIL is DOWN BUT DON'T YOU FROWN - IT WILL RISE and MESSMERIZE as the DROP brings on a POP and WORLD DEMAND will be well in HAND and OIL STOCKS WILL RISE but to me it will be NO SURPRISE. BOO-lean......didn't mean to scare yah. Hang on kids.
appears to be readying itself for the October 10th (next Friday) reversal. That reversal can be powerful. World economic conditions are going to rise steadily in 2015 led by the great USA who will fuel the rise of the world markets as it has been doing over the past few years. So as I have been noting - IF Cliffs can hang in there it will rise strongly and yes I bought a little more at this major drop --- risky for sure but for me worth the risk. BOO-lean.......didn't mean to scare yah.
October is overall a positive month........major drops do occur but so do major reversals. As I looked back the dates October 9-10 appears to be the BUY TIME to hit the beginning of the rise. Now the market should just wax and wane from the 6th to the 8th or 9th and then begin the rise by the 10th. Now if you use a confidence band that would mean we would spread that out a little by maybe 3-4 days. Whatever the case - the bull market needed this slap in the face so it could prepare for this next major rise. Have a good day. Boolean
as this is really doing some great therapy on that self esteem issue. When the stock was rising he disappeared into rehab and now that it is falling in a TEMPORARY move he is giddy beyond belief - he is living the dream and pounding his chest I GOT BOOLEAN. Whatever --- this too shall pass and just as I posted NEWS COMING and it came don't be surprised ..........well......just don't be surprised. Like I said - people who have to live by pounding others always find themselves - in the end -- destroyed by that which they felt was making them whole again. Hang on - this market is still a BULL and oil/gas and commodities are going to ROCK-ET. So uncle -- get some meds - pain is coming home to call. Dr. BOO-lean.
*Ray will monetize this investment at the highest level he can - COUNT ON IT.
go to any oil/gas stock fund or ETF and see what has happened - it is an industry move and and like always it will prove to be TEMPORARY. This is not an Earthstone move it is an industry/sector move. Do I like it - of course not but is what I said could well happen and earthstone would take it harder due to the low float........the deal is on and Ray is likely also assessing other deals and could move into that as he needs to monetize his investment. BOO-lean (it is October - gotta scare yeah right). Smart investors will be looking at this down move in stocks as a SALE and buy more shares in stocks they like - just like Uncle Warren Buffett did Wednesday. America is leading the world out of the financial mess and 2015 will rock.
right now the stock shows no bottom so that is a tough call - I certainly would not use a market order and would price it lower OR if you are happy to gamble at the present price do it BUT be sure it is for money you can lose - that is the money I used the gamble cash but right now I want to see the bottom and not guess it.......