I don't know about the rest of this thread, but I'm still HOLDING my shares in OIL. Yesterdays' HUGE rally was very much appreciated!! However, I think much of it was short covering (especially it happening right before the weekend). Also, OIL rallied with the overall Market getting crushed (which doesn't seem to be too Bullish). I think we've still got some churning here in the 40s before we can declare VICTORY against those shorting oil. Good Luck and fill your gas tank BEFORE they raise prices in a few days!!!!!
Still hard to believe the run CMG has had. Guy at work wife purchase the stock in the 40s, then sold in the low 500s. Best investment I've ever heard of!!
I have to agree, over inflated due to Massive IPO Hype!! If anyone wants to see what can happen well after the IPO day has been long forgotten take a look at both NDLS and LOCO. Both also very much hyped (LOCO pegged to fortunes of CMG), and both collapsed from recent highs. Only CMG for whatever crazy reason EXPLODED to current 700 plus price from about 22 bucks (makes no sense to me at all).
Investing in OIL has got to be the BEST investment known to mankind in such an OVER INFLATED Market. Take a look at AAPL, BIIB, AMZN, CMG, BA, etc. OIL is a BARGAIN, and GEM in the rough. Its like Mark Twain used to say: Real Estate (OIL), they ain't making any more of it!!!
Thought we had put in a bottom on WTI at 45 and change. WRONG!! Now it looks VERY likely that 38-40 bucks will be reached in the coming weeks. Hopefully it stops there. However, if History is our guide, the lows for oil coming at higher levels during the past 30 years indicates we may hit 34 or 35 bucks (last low was about 32 bucks in 2009!!). OIL therefore could go down to the low 8s, and maybe the mid 7s. I'll be buying more in the low 8s!!
You would think with such a high quality Blue Chip delivery company, all of these issues would have been addressed. Still can't believe they missed with gas price collapse AND tremendous Christmas season (remember no Polar Vortex to slow them down either).
This has got to be the Biggest Shocker so far this quarterly earning season. The big miss by UPS with one of their biggest bills (the price of fuel), collapsing during the past 3 to 4 months!! Also, don't forget Millions of people were buying packages online and shipping them through UPS. This miss is INCREDIBLE!!!!!!!!!
The main point he is more then likely making (and many climate scientists by the way are laughing at NOAA's and NASA's data), it that the Global Warming predicted by the models back in the late 90s is NOT happening. Sure, we've warmed a little, but nothing like what the Crazy Lib scientists have been predicting. Even the founder of the Weather Channel thinks Global warming is a farce. I believe we definitely have had some Global Warming since the 1850s, but no one really knows how much is due to the Pacific Oscillation, Global sea currents or the amount of methane or CO2 in the air. Another thing, NO ONE can explain WHY Antarctic Sea Ice is at or near RECORD levels...NO ONE!!!!!!!!
If the polar jet is more Zonal (West to East motion), then it brings in much warmer North Pacific air over the continent vs if the Polar Jet was more longitudinal (NW-SE), bringing Bitter COLD Arctic air in from the Pole.
All I'm saying is that government climate scientists keep telling everyone this is the warmest or 2nd warmest or third warmest year, etc. on record. They are basing this on ocean temperature data (sfc data), gleamed from satellites which have only had the precision to measure this data during the past 30 or 35 years. We never had worldwide ocean data BEFORE these satellites so for them to make these statements is pretty much ludicrous. I believe that there is SLIGHT Global Warming (its been happening since the 1850s). How much man has contributed is still up in the air (no matter what the Liberal Left says). Yes, the past 10 or 15 years of stagnant U.S. temps or even some cooling is more then likely due to sunspots and numerous small volcano eruptions.
Sure, the Polar Jet is now Zonal (West to East), bringing warmer North Atlantic Air over the continent. As far as Global Warming goes, there has been no appreciable Global Warming for about 15 years now. Sure, sure, the climate guys say the overall global temperature is at or near record levels. Problem with that they don't tell you is: Our ability to gauge sea temperatures has not been around that long (at best about 30 to 35 years or so).
I hope you're right pardner. The prices of Coal stocks are INCREDIBLY Cheap. Wish I had more money to buy both ACI and WLT (they both can't go bankrupt).
Oil and King Coal are still the best energy sources (besides natural gas). BTU will be back, but it may take awhile (until Hussein Obama and EPA cronies are gone).
Americans up until a few years ago, still got 50% of their energy from King Coal. The end of Coal will never come, as long as finite resources in other energy patches continue (yes that means even natural gas). If it wasn't for Hussein Obama, BTU would still be around 30 or 40 bucks/share!!
I don't blame you pardner for getting out. This has been the most MISERABLE investment in the past 3 years. I once strong trading stock, regularly in the 60 to 70 dollar range now totally decimated by Obama and his buddies. Still hoping for sunnier days ahead but cloudy skies will more then likely continue for some time to come.....
WTI is up today, but OIL is down. #$%$??? As for Cramer, he's quite the lousy stock picker, market analyst, etc. He never said oil was going to CRASH, or anyone on CNBC!!!
The Saudis have obviously collaborated with the U.S. to bring oil crashing down in the hopes of bringing Russia to its knees. This benefits most Americans with lower gas prices and heating oil. It helps GM, Ford, etc. as Americans go back to buying big trucks and SUVs. I really don't like putting Putin in a corner. The guy will lash out and then we'll really have a War on our hands!!