Article on Bloomberg today "Saudi Arabia Seen By Former Foreign Advise Assuming $80 oil written by Wael Mahdi 12-25-14
The interview was with John Sfakinakis, former chief economic advise to the Saudi Arabian Ministry of Finance
Yes if you keep your cool and invest long term like Warren Buffet does. Oil will turn upwards when the Saudi's believe that they've beaten down US producers, that's when the Saudi's and the OPEC cartel will begin to curtail production
And the ultimate cost of the Iraq and Afghan war will exceed $4 trillion dollars. The Iraq war was began by Bush/Cheney under questionable excuses
You're a typical low life basher, I've seen your posts, relying on unconfirmed sources to lie the stock down. Cruds like you are the reason I began to post here to publish the fact not lies and innuendos
I have been tracking the effects of supply side economics since Reagan adopted it at Cheney's urging, it was a complete flop, the only reason why are heads are above the water is the Fed's aggressive reduction in rates
It did immediately after the announcement of the GDP numbers, in fact Level II indicated major purchase typical of short covering.
The unique factor involved is oil still rising with the positive GDP numbers while gold is actually down, signalling a bottoming of the price of oil
A typical basher using headlines that are false as well as misleading; you haven't got a clue about what LINE is going to do with its dividend(s) or its business, particularly the strong hedging it has done for all of 2015, whereby 60-70% of its oil production for 2015 is hedged at $92 too $94, By late 2015 oil will come around to the $90's
Go back into your hole of lies
Despite great GDP numbers announced this morning driving up the strength of the dollar, which typically corresponds to a weaker oil price, oil is still up strong today, forming a bottom to the oil market, should see a strong return early next year.
Listen jerk learn how to analyze yourself, don't rely on the street, LINE has locked in a price of $92 to $94 per barell on 60 tp 70% of its production for 2015.
Sentiment: Strong Buy
Your absolutely correct, go to Bloomberg or any other credible web site and TheStreeet isn't even mentioned, it's typical #$%$ from The Street supporting their "former" boss's utterances, all garbage coming from Cramer being backed up by The Street
ps: since the time I saw that interview on The Street (it has been removed from the Web) I've dispised that guy!!!
Cramer actually came out in an interview elaborating on how would manipulate the market when he was a hedge fund guy "A lot of times when I was short I would create a level of activity beforehand that would drive the futures......It's a fun game"
Even now he plays his game every day with your money!!!!
good article on Bloomberg today by Moming Zhou pointing out that the 50% drop in oil since its 2014 high is spurning hedge funds to be make strong bullish bets at year end
Be patient longs...... there's only 5 days left to trade, then all the tax selling will be over and in early January, LINE will bounce back. What all of this shorting and selling has done has made LINE the fifth highest yielding stock on the NASDAC, so sit and collect your divis
Sentiment: Strong Buy