Exelixis, Inc. Message Board

I'll bet the daytraders are really scratching their heads today.
Staying long and strong for now.

Might be that unexpected drop in US crude stockpiles also.

And this!

The price of oil rose to near $88 a barrel Thursday as an unexpected drop in U.S. stockpiles of crude triggered a modest recovery from a sharp sell-off the day before.
By early afternoon in Europe, benchmark oil for May delivery was up $1.20 to $87.88 a barrel in electronic trading on the New York Mercantile Exchange. The contract dropped $2.04, or 2.3 percent, on Wednesday — the fourth daily drop of at least 2 percent in April.
A report released Wednesday by the U.S. Energy Information Administration showed U.S. crude inventories falling by 1.23 million barrels in the week ending April 12. A drop in supplies can be due to higher demand but the week to week data is volatile and inventories are still near their highest level since 1990.
Analysts surveyed by Platts, the energy information arm of McGraw-Hill Cos., had been expecting crude stocks to rise by 1.25 million barrels.
Concerns over global economic growth have caused prices to drop sharply over the past week in commodity and stock markets.
The gloom began Monday, when a report of slower-than-expected economic growth in China helped trigger a broad sell-off in commodities that included the biggest one-day drop in the price of gold in 30 years. The International Monetary Fund lowered its outlook for world economic growth this year and the U.S. and several European countries released weak indicators.
Experts predicted oil prices were likely to face headwinds in the coming days.
"Concerns about demand in the wake of recent weaker economic figures from the U.S. and China, the two biggest consumers of oil, and the increase in U.S. oil production to its highest level since July 1992, are weighing on market sentiment," said a report from Commerzbank in Frankfurt. "As a result, more financial investors are likely to withdraw from the oil market, thereby exacerbating the price slide."
In London, Brent crude, which is used to price oil used by many U.S. refiners, was up $1.26 to $98.95 on the ICE Futures exchange.

Two million shares in two hours.
Looks like we held that 34.5 for now.

Very unusual move here today.
Makes me wonder if there is some news out there to explain it.
Anyone find anything?

Looking at sdrl three year charts are the wrong thing to do, I believe.
Lot of things have changed in three years.
The companies business has grown along with the divy.
The stock trades with more strength now than it did just a year ago, probably due to more institutional support.
A year or so ago we had trouble breaking and holding 36 dollars on several qtrs. and now we do it with ease.

In my humble opinion support levels have changed and are no longer as low as they used to be.
I don't mean that sdrl's pps could not fall allot further under certain conditions, but if it does I see it rapidly rising with any improvement.

Exactly Robin!

In a couple years I expect sdrl to be firing on all cylinders.
Hopefully the world economies will again be showing strong growth and oil prices will follow.
SDRL's div should be at 1 dollar + by then and I expect the stock to head to 45-50.
So in the meantime buy low and collect all the divy's you can which will reduce your cost basis.
The prospects look bright.

I think he means the guy is like a terrorist.

Oh, I see it.

What you people are missing is that sdrl is a slow grower and is mostly owned for the div.
This is the same reason people own mtge reits and other high div payers.
You want something safer but with a smaller div, then yes, buy KO, MCD etc.

I have been in sdrl and have traded it for two years without a loss, so you are obviously doing something wrong.
But good luck to you on your next endeavor.

I looked up the definition of terrorist act once.
The dictionary defined it as one who causes panic and anxiety in others.
AF does fit that bill.

You obviously have not paid attention to Elstockjocks advice, or you would know that it's time to buy not sell.